////////////////////////// Below are the expected after-tax cash flows for Projects Y and Z. Both projects have an initial cash outlay of $20,000 and a required rate of return of 17%. Project Y Project Z Year 1 $12,000 $10,000 Year 2 $8,000 $10,000 Year 3 $6,000 0 Year 4 $2,000 0 Year 5 $2,000 0 Project Z's IRR is: ???? ??????????????????????????????????? QUESTION:///////////////You are planning the buy of the corporation bonds that were issued 10 years ago. When the bonds were originally sold, they had a 25-year maturity and a 12% coupon interest rate that is payable semiannually. The bond is currently selling for $1,308.72. What is the yield to maturity on the bonds? ??????????????????????????????????????????????? QUESTION: The firm is planning an expansion project that it desires to finance with newly issued common stock. The firm has an outstanding issue of common stock that just paid a dividend of $4.25 per share with 6% constant growth rate, which is trading for $65 per share. You have advised the firm that flotation costs will be 8% per share. What will be the cost of the newly issued common shares