Adamson Corporation is consldering four averege-risk projects with the following costs and rater of return: The company estimates that it can issue debt at a rate of rd=9%, and its tax rate is:35\%: It can issue preferred stock that pays a constant dividend of $5 per vear at $51 per share. Also, its common stock currently sells for $39 per shore; the next expected dividend, 01, is $4:25; and the dividend is expected to prow at a constant rate of 6% per year. The tarpet caplal structure consists of 75% common stock, 15% debt, and 10% prefemed sitock. The data has been collected in the Microsoft Excel Online file below. Open the spreadshect and perform the required aralysis to answer the questions below. Open spreadsheat 4. Whit the cot of each of the qatal components? Round your answers to two decimal places oo not round your intermediato calculations Cost of debt b. What is Adamson's WACC? Round your answer to two decimal places. Do not round your intermediate calculations. c. Only projects with expected retums that exceed WACC will be accepted. Which projects should Adamson accept