DUD Inc. is trying to determine how much they should pay for a project that will result in significant cost savings annually. The

firm has a target debt to equity ratio of $1\mathrm{.}5$ and an after$-$tax cost of debt of $4\mathrm{.}25\%.$ A share of DUD is currently trading at

$$55\mathrm{.}50.$

The project will result in an initial after$-$tax cash savings of $$1\mathrm{.}5$ million at the end of the first year, and these savings will grow

at a rate of $1\mathrm{.}25\%$ per year indefinitely. Dividends paid by the company for the last $6$ years are given in the table below; the

most recent dividend received by the common shareholders was $$1\mathrm{.}60$ in $2023.$ Historical growth rates are expected to

continue in the future.

Year Dividend

$20181\mathrm{.}10$

$20191\mathrm{.}20$

$20201\mathrm{.}30$

$20211\mathrm{.}40$

$20221\mathrm{.}50$

$20231\mathrm{.}60$ a$)$ Calculate the cost of equity for the company

b$)$ Calculate the capital structure weights for the company

c$)$ Calculate the WACC for the company

d$)$ Calculate the maximum amount DUD Inc. should pay for the project $($Ignore CCA and flotation costs$).$