how do you solve part b?

please show your work

Problem 5 The Cost of Capital (10 polnts) Daves Inc, recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. )The firm's bond has a yield-to-maturity of 6.0356. (2) The company's tax rate is 40. (3) DO (4) The target capital structure consists of 35 debt and the balance is common equity. $0.90; P0- $47.50; and g-7.00% (constant); and Flotation cost%-6.00% t. A) What is the cost of equity raised by selling new common stock? (5 polnts) Do $0.90 Po- D D.(1+g) - 0.90 (1+) $47.50 %3D . 8. F 6% Re P.(1-F) -D. (1+8). Po(1-F) 47.50 (1-6%) 9.16% 0.968 Re %3D B) What is the WACC? Do not round your intermediate calculations. (5 polnts)