i need all 3 parts please

(Divisional costs of capital and investment decisions) in Mary of this yeac, Newcaste Mg. Companys capital investment review corrmittee received two major investment proposals. One of the proposals was put forth by the firm's domeste manufacturing division, and the other came from the fimis distribution company Both proposals promise a feturn on invested capial to approximately 14 porcent, in the past, Newcastle has used a single firm-wide cost of capital to evaluate new investrments. However, managers have long recognized that the manutacturing division is significantly more fisky than the distribution division, in fact, comparable firms in the manufacturing division have equily betas of about 1.7, whereas distritufion companies typicaly have equity betas of only 1.3. Given the size of the two proposals, Newcastle's management feels it can undertake only one, so it wants to be sure that it is taking on the more promising investment. Given the importance of getting the cost of capital estimate as close to correct as possible, the firm's chief finandial officer has asked you to propare cost of capital estimates for each of the two divisions. The requisito information needed to accoriplish your task follows: - The cost of debt financing is 12 percent before a marginal tax rate of 23 percont. You may assume bis cost of debt is after any flotation costs the firm might incur. - The risk-tree rate of inferest on long-term U.S. Treasury bonds is currently 6.6 percent, and the market-risk premium has averaged 4.6 percent over the past several years. - Both divisions adhere to target debt ratios of 50 percent. - The firm has sufficient intemaly generated funds such that no new stock will have to be sold to rase ecuify finanding. a. Estimate the divisional costs of capital for the manulacturing and distribution divisicons. a. What is the divisional cost of capital for the manufacturing division? 14. (Reuind to two decimal places)