Excel Online Structured Activity: Wace Estimation there is no short-term debt. next expected dividend is $1.20, so $1.20/$30=4%.) The marginal corporate tax rate is 30%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the quastion below. Open spreadsheet intermediate calculetions. c. Suppose now that there is not enough intemal cash flow and the firm must issue new shares of steck. Qualitatively speaking, what will happen to the WACC? I. ra and the wacc will nat be affected by flotation costs af new equity. II. fx and the WaCC wil increase due to the flotation costs of new equity. III. rs and the WACC wil decrease due to the flotation costs of new equity. IV. r5 will increase and the WACC will decrease due to the flotation custs of new equity. V.r5 will decrease and the WACC will increase due to the flotation costs of new ecuity