Figure the weighted average cost of capital (WACC) using the Discounted Cash Flow method to determine the cost of retained earnings.

The target capital structure weights are 30% debt, 10% preferred stock, and 60% common equity. There are no floatation costs for the preferred stock

Debt

Tax rate=40%

YTM=10%

Preferred Stock

P_PS=$111.10

D_PS =$10.00

Common Stock

P₀ =$50.00

D₀ =$4.19

g=5%

beta=1.2

r_RF =7%

r_M =13%

Fcs=10%

Please show work so I can follow it step by step