Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. $(1)$ The firm has issued $1,000$ bonds with a current price of $$1,000$ per bond and a yield to maturity of $8\%.(2)$ The company's tax rate is $40\%.(3)$ The firm has issued $4$ million shares of common stock, and the current price per share is $$1.(4)$ The stock is expected to pay a dividend of $$0\mathrm{.}10$ per share starting at the next year, and the dividend will be growing at $2\%$ each year.

a$.$ Please calculate the value of the firm's debt $($from the bond$)$ and the value of the firm's equity $($from the stock$)(3$ points$).$

b$.$ If you use the Discounted Cash Flow $($DCF$)$ model to estimate the cost of equity, what is the cost of equity? $(3$ points$)$ If the floatation cost of issuing the equity is $7\%,$ what is the cost of equity after floatation $($extra credit $2$ points$)$

c$.$ What is the firm's weighted average cost of capital $($WACC$)?(4$ points, show all your work to get full credit$)$