Cost of capital Edns Recording Shudios, inc, reporied eamings avalable to common stock of 34.200,000 last your. From thowe oamingn, the eompany paid a dibine of \$1. 23 on oach of its financing? b. If underpticing and flotation costs on new thares of common stock amount to $9 per stace, what is tho compecy/s cost of new common shock fhencing? dobt financing? e. What is the Wacc? W. (Round to two docimal places.)