Edna Recording$$ Studios, Inc., reported earnings available to common stock of $4,000,000$ last year. From those$$ earnings, the company paid a dividend of $$1\mathrm{.}17$ on each of its $1,000,000$ common shares outstanding. The capital structure of the company includes $25\%$debt$,$

$15\%$ preferred$$ stock, and $60\%$ common stock. It is taxed at a rate of

$21\%.$

a$.$If the market price of the common stock is $$31$ and dividends are expected to grow at a rate of $88\%$ per year for the foreseeable$$ 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 $$66$ per$$ share, what is the$$ company's cost of new common stock financing$?$

c$.$The company can issue $$$$2\mathrm{.}03$ dividend preferred stock for a market price of $$$$26$ per share. Flotation costs would amount to $$33$

per share. What is the cost of preferred stock financing$?$

d$.$The company can issue $1,000-$par$-$value, $77\%$ annual$$ coupon, $88-$year bonds that can be sold for $1,110$ each. Flotation costs would amount to $$35$ per bond. What is the$$ after$-$tax cost of debt$$ financing?

e$.$What is the WACC$?$