Instructions: You are required to use a financial calculator or spreadsheet (Excel) to solve 10 problems related to the cost of capital (page 4). You are required to show the following 3 steps for each problem (sample questions and solutions are provided for guidance): (i) Describe and interpret the assumptions related to the problem. (ii) Apply the appropriate mathematical model to solve the problem. (iii) Calculate the correct solution to the problem. Submit all answers as percentages and round to two decimal places. 2. Wellstock Corp. will issue new common stock. The companys existing common stock is selling for $80.25 per share and offered $3.50 per share in dividends at the end of last year. Dividends are expected to grow at an annual rate of 7% indefinitely. New issues of common stock will incur 12% of the current market price. What is the cost of the companys new commonstock?