6. Preferred stock pays a $3 dividend. If the current price is $30, what is the cost of issuing preferred stock? The firm's tax rate is 2086 . a. 8% b. 10% c. 12.56 7. Kan industries capital structure consists of debt and common equity. It can issue debt at a YTM of 10\%. The cost of issuing common stock is 15%. Kan's tax rate is 20%. If Kan plans to raise money 20%6 debt and 80% equity, what is its WACC? a. 12.5% b. 13.6% c. 148 d. 15% 8. A project costs $1000 and generates cash inflows of $800 for 3 years. If its required return is 15% what is its NPV, IRR and payback? (3pts) 9. Compute NPV, IRR, and payback for the following timeline. Use a 10%6 discount rate. (3pts)