Do the second question Procter and Gamble one if not the first one.

6. (2.5 points) Suppose that firm XYZ is currently valued at $20M, which is based on the present value of the firm's future cash flows. XYZ is all-equity financed. Current shareholders want to raise $2M in equity to invest in a project that will increase the value of the firm by $10M. What share of the firm (after the investment) would belong to new shareholders? a) b) How many shares would this represent, given that the firm previously had 700K shares outstanding? 7. (4.5 points) Prokter and Gramble (PG) has historically maintained a debt-equity ratio of approximately 0.30. The firm enjoys very stable demand for its products, and consequently it has a low equity beta of 0.4 and can borrow at 3.20%, just 20 basis points over the risk-free rate of 3%. The expected return of the market is 8%, and PG's tax rate is 35%. PG believes it can increase debt without any serious risk of distress or other costs. With a higher debt-equity ratio of 0.60, it believes its borrowing costs will rise only slightly to 3.60%. If PG announces that it will raise its debt-equity ratio to 0.5 through a leveraged recapitalization, determine WACC after the recapitalization