Following data are for ABC Corp.: cost of retained earnings = 8%, cost of new common stock = 9.5%, and pre-tax cost of debt = 7%. Their current balance sheet has $50m in retained earnings, $150m in new common stock, and $300m in debt. Company does not have any preferred stock. They would like to maintain current weights of the sources of capital for their future financing needs. An upcoming project is expected to cost $280m. From current years earning they will have $15m in retained earnings. Compute WACC before and after the break point(s) and the total cost of financing in dollars. Tax rate = 40%.