a)Torch Industries can issue perpetual preferred stock at a price of $65.00 a share. The stock would pay a constant annual dividend of $6.50 a share. What is the company's cost of preferred stock, rp? Round your answer to two decimal places. % b)Pearson Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 12%, and its tax rate is 40%. Pearson's CFO estimates that the company's WACC is 11.10%. What is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places. % c)Project L costs $55,000, its expected cash inflows are $15,000 per year for 6 years, and its WACC is 14%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ d)Project L costs $48,797.70, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places. % e)Project L costs $45,000, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 14%. What is the project's MIRR? Do not round intermediate calculations. Round your answer to two decimal places. %