I NEED FULL STEPS AND ALL CALCULATION

Adams Corporation has four investment projects with the following costs and rates of reture: 9-20 WACC and optimal capital COST RATE OF RETURN budget Project 1 $2,000 16.00% Project 2 3,000 15.00 Project 3 5,000 13.75 Project 4 2,000 12.50 The company estimates that it can issue debt at a before-tax cost of 10 percent, and its tax rate is 30 percent. The company also can issue preferred stock at $49 per share, which pays a con stant dividend of $5 per year. The company's stock currently sells at $36 per share. The year-end dividend, D, is er- pected to be $3.50, and the dividend is expected to grow at a constant rate of 6 percent per year. The company's capital structure consists of 75 percent common stock, 15 percent debt and 10 percent preferred stock. a. What is the cost of each of the capital components? b. What is the WACCP c. Which projects should the firm select if the projects are all of average risk? CS scared with Carica