Edna Recording Studios, Inc. reported earnings available to common stock of exist4, 400,000 last year. From those earnings, the company paid a dividend of exist1.23 on each of its 1,000,000 common shares outstanding. The capital structure of the company includes 35% debt, 15% preferred stock, and 50% common stock. It is taxed at a rate of 30%. a. If the market price of the common stock is exist30 and dividends are expected to grow at a rate of 7% per year for the foreseeable future, what is the company's cost of retained earnings financing? b. If underpricing and flotation costs on new shares of common stock amount to exist7 per share, what is the company's cost of new common stock financing? c. The company can issue exist2.45 dividend preferred stock for a market price of exist30 per share. Flotation costs would amount to exist3 per share. What is the cost of preferred stock financing? d. The company can issue exist1,000-par-value, 8% coupon, 11-year bonds that can be sold for exist1, 110 each. Flotation costs would amount to exist20 per bond. Use the estimation formula to figure the approximate after-tax cost of debt financing? e. What is the WACC? c. If the company can issue exist2.45 dividend preferred stock for a market price of exist30 per share, and flotation costs would amount to exist3 per share, the cost of preferred stock financing is 9.07 %. d. If the company can issue exist1,000-par-value, 8% coupon, 11-year bonds that can be sold for exist1, 110 each, and flotation costs would amount to exist20 per bond, using the estimation formula, the approximate after-tax cost of debt financing is %