Eakins Inc.$\text{'}$s common stock currently sells for $$50\mathrm{.}00$ per share, the company expects to earn $$2\mathrm{.}75$ par suom during the current year, its expected payout ratio is $70\%,$ and its expected constant growth rate is $6.$ Non. N stock can be sold to the public at the current price, but a flotation cost of $8\%$ mould be incured By han and would the cost of new stock exceed the cost of retained earnings? Do not round your intermedate celand

a$.0\mathrm{.}40\%$

b$.0\mathrm{.}44\%$

C$.0\mathrm{.}23\%$

d$.0\mathrm{.}33\%$

e$.0\mathrm{.}20\%$

Adams Corporation's outstanding bonds are selling at $$950.$ The bonds have a face value of $$1000,$ annual coupon rate of $8\mathrm{.}5\%,$ and $10$ years until maturity. New bonds will be as risky as the old bonds. However, the firm will incur flotation costs of $10\%$ on new bond issue. Its tax rate is $30\%.$ It can sell new preferred stock at $$100$ per share with a dividend rate of $11\%.$ However, the firm will incur flotation costs of $15\%$ on new preferred stock. AC's common stock currently sells for $$30\mathrm{.}00$ per share; the next expected dividend per share, $D_1,$ is $$3\mathrm{.}50$; and the dividend is expected to grow at a constant rate of $6\%$ per year. AC plans to raise its equity capital by retaining earnings. The target capital structure consists of $30\%$ debt, $10\%$ preferred stock, and $60\%$ common equity.

What is Adams' WACC?