Jackstone Company wants to raise $$6$ million for investing in a new autlet, which will give a $12\%$ return on its investment. The money will be obtained from the sources identified in the table below at the identified rates. The company's corporate income tax rate is $40\%.$Note: The below values include payment of dividends and issue costs only.ackstoneCompanyWeightSourceAmountBond A$$1,000,000$Bond B$300,000$Common sharesPreterred shares$3,000,000700,000$Retamed eamings$1\mathrm{.}000\mathrm{.}000$TotalBefore$-$tax costs$10\mathrm{.}0\%12\mathrm{.}5\%16\mathrm{.}0\%12\mathrm{.}0\%14\mathrm{.}0\%$LesstaxGrowthDeduction RateCostWACC$2\mathrm{.}0\%2\mathrm{.}0\%$

Calculate the weighted average cost of capital $($WACC$)$ for each financial source and total WAAC for Jackstone Company.

Use Problem$-$Solving Example $9\mathrm{.}2$ in your textbook as reference, the table above as a template, and the following equations to calculate the cost column for each source of financing:$($continued ac next page$)$Band cast:Before$-$tax costs s Compass Income Tax Rate $=$ tax deductionBefore$-$tax cost.tax deduction $=$ after$-$tax cost of BondCommon shares:Cost of common shares $($dividends and issue costs only$)+$ Grawth zata $=$ Total cast of common sharesPreferred shares:Retained EarningsNo calculation, use value provided in questian:Before$-$tax cost $=$ CostCast of retained earnings $+$ Grawth rate $=$ Tatal cost of retained earnings