Cost of capital Edra Recording Studios, Inc., reported earnings avaliable to common stock of $4,800.000 lbst year. From those eamings, the company pad s dividend of S1.22 on each of 1,000,000 common shares outstanding. The capital structure of the company Includes 25% dabt, 20% protestad stock, and 55% common stock. It is tawar at a rate of 22%. a. If the market price of the common stack is 535 and dividends are expected to provat a rate of 0% per year for the foreseesiale future, what is the company's cost of retained camings financing? b. If underpricing and Molation costs on new shares of common stock amount to 59 per share, what is the company'e cost of new common slock Mining? c. The company can logue $1.87 dicend preferred stock for a market price of 31 per share. Flotation costs would amount to $2 per share. What is the cost of cretarred stock ihsoang? d. The company can ISSUR S1, C100-par-value, counon, 9-year bonds that can be sold for $1.270 each. Fintation coats would amount to $20 per non. Usa the estimation fomula to figure the approdate anter-tax arst of dant financing? c. What is the WACC? a. If the market price of the common stock is 535 and dividends are expected to grow al a rate of 8% per year for the foreseeable future, the company's cost of retained earnings financing is %. (Round to two decimal places