Growth$$ Company's current share price is $ $20\mathrm{.}30$ and it is expected to pay a $ $0\mathrm{.}95$ dividend per share next year. After$$ that, the$$ firm's dividends are expected to grow at a rate of $4\mathrm{.}4\%$ per year.

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

b$.$ Growth Company also has preferred stock outstanding that pays a $ $2\mathrm{.}10$ per share fixed dividend. If this stock is currently priced at $ $28\mathrm{.}00,$ what is Growth$$ Company's cost of preferred$$ stock?

c$.$ Growth Company has existing debt issued three years ago with a coupon rate of $5\mathrm{.}8\%.$ The firm just issued new debt at par with a coupon rate of $6\mathrm{.}7\%.$ What is Growth$$ Company's pretax cost of$$ debt?

d$.$ Growth Company has $4\mathrm{.}9$ million common shares outstanding and $1\mathrm{.}2$ million preferred 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 common and preferred shares are priced as in parts $($a$)$ and $($b$),$ what is the market value of Growth$$ Company's assets?

e$.$ Growth Company faces a $22\%$ tax rate. Given the information in parts $($a$)$ through $($d$),$ and your answers to those$$ problems, what is Growth$$ Company's WACC?

$$Note: Assume that the firm will always be able to utilize its full interest tax shield.