a$)$ Explain the chronology of the dividend payment procedure with $(12$ Marks$)$ examples.

b$)$ Describe FIVE $(5)$ factors that impact the cost of capital. $(10$ Marks$)$

c$)$ Trim energy maitains a mix of $40$ percent debt $,10$ percent preferred $(3$ Marks$)$ stocks and $50$ percent common stock. The cost of the various types of

finance are as follows :

Bonds : $11\mathrm{.}47\%($before tax$)$ Preferred stock: $12\mathrm{.}4\%$

Common Stock: $45\mathrm{.}31\%$

The firm pays corporate tax at a rate of $30\%.$ Compute the firm's WACC.