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As soon as possible please, thumps up for fast and correct answer :) . Problem Solving: 1) Hertz AL-Khobar Car Hire has 90,000 bonds outstanding

As soon as possible please, thumps up for fast and correct answer :) .
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Problem Solving: 1) Hertz AL-Khobar Car Hire has 90,000 bonds outstanding that are selling at par, Bonds with similar characteristics are yielding 7%. The company also has 800,000 shares of 8% preferred stock and 2.6 million shares of common stock outstanding. The preferred stock sells for 55 SAR a share. The par value of preferred stocks is $100. The common stock has a beta of 1.40 and sells for 42 SAR a share. The U.S. Treasury bill is yielding 3% and the return on the market is 12 %. The corporate tax rate is 40%. (11 Marks) a) What are the costs of debt and equity (both common and preferred)? b) What is the total value of the firm? c) What is the firm's weighted average cost of capital (WACC)? (3 Marks) (4 Marks) (4 Marks)

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