Growth Company's current share price is $$20\mathrm{.}15$ and it is expected to pay a $$1\mathrm{.}10$ dividend per share next year. After that, the firm's

dividends are expected to grow at a rate of $3\mathrm{.}8\%$ per year.

a$.$ What is an estimate of Growth Company's cost of equity?

b$.$ Growth Company also has preference shares outstanding that pay a $$2\mathrm{.}20$ fixed dividend. If these shares are currently priced at

$$28\mathrm{.}05,$ what is Growth Company's cost of preference shares?

c$.$ Growth Company has existing debt issued three years ago with a coupon rate of $5\mathrm{.}9\%.$ The firm just issued new debt at par with a

coupon rate of $6\mathrm{.}2\%.$ What is Growth Company's pre$-$tax cost of debt?

d$.$ Growth Company has $5\mathrm{.}3$ million ordinary shares outstanding and $1\mathrm{.}4$ million preference shares outstanding, and its equity has a

total book value of $$50\mathrm{.}3$ million. Its liabilities have a market value of $$19\mathrm{.}7$ million. If Growth Company's ordinary and preference

shares are priced as in parts a and $b,$ what is the market value of Growth Company's assets?

e$.$ Growth Company faces a $38\%$ tax rate. Given the information in parts a$-$d$,$ and your answers to those problems, what is

Growth Company's WACC?