Consider the case of Turnbull Co. Tumbull Co, has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and its cost of preferred stock is 9.3% If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 12.4%. However, if it is necessary to raise new common equity, it will carry a cost of 14.2%. If its current tax rate is 40%, how much higher will Tumbuli's weighted average cost of capital (WACC) be if it has to raise additional common equity Capital by issuing new common stock instead of raising the funds through retained earnings? (Note: Do not round your intermediate calculations.) Tumbuil Co. is considering a project that requires an initial investment of $570,000. The firm witl raise the $570,000 in capital by issuing $230,000 of debt at a before-tax cost of 10,2%,$20,000 of preferred steck at a cost of 11.4%, and $320,000 of equity at a cost of 14.3%. The firm faces a tax rate of 40%, What will be the WACC for this project? (Note: Do not round intermediate calculations,) Consider the case of Kuhn Co. stock, and 51% common equity. Kuth has noncallabl 9.27% standing that mature in five years with a face value of $1,000, an annual coupon rate of 10%, and a market price of 51,050.76. The yield of 10.99% pany's current bonds is a good approvimation of the yield on ary new bonds that it issues. The company can sell shares of preferred stod 10.995 an annual dividend of $3 at a price of $95.70 per share. Youcan assume that Jordan does not incur any flotation costs when issuing debt and preferred stock