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Turbult Co has a tapet capital structure of som det preferred stock and 36 common equity. It has a before tax cost of debt of 0.2%, and its cost of preferred stadi tr Turnbul can use all of its equity capital From retained earnings, its tout et commun equity will be 12.4. However, it is necessary to raise new common equity will carry a cost of 14. 1 ts current tax rate 40. how much higher will. Mamboll's weighted average coat of capital (WACC) berichs to raise additionat common equity capital by ning new common stock imtund of rating the funds through retained earnings> 0.33 0. 0.770 Turtull Co, in considering project that requires an initial investment of 51,700,000. The will rise the $1,700,000 in capital by loving $750,000 of debt at a before to cost of LLIS, 870,000 al preferred stock at a cost of 12,2%, and $380,000 of equity at a cost of 147. The firm face a tak rate of 40 What will be the WACC for this project) Consider the case of Kuhn Co. Kuhn Cow considering a w project that will require an initial entrant of $45 million. It has a target capital structure of 45% debt, preferred stock, and 51common equilty. Kuhin has nocultable bonds outstanding that mature in five years with a foce value of $1,000, an annual coupon rate of 10, and market price of $1,050.76 The yield on the company's current bonds it a good approximation of the yield on any new bond that it ses. The company can tell shares of preferred stock that pay an annual dividend of 58 at a price of 592,25 per shore Kuhn does not have any retained camins available to finance this project, so the firm will have to issue new common stock to help fund it. It common stock is currently selling for $33.35 per share, and it is expected to pay a dividend of 2.78 at the end of next year. Flotation costs will represent of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 8.7%, and they face a tax rate of 40%. Determine what Kuhin Company's WACC will be for this project