Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $708,000 that would be depreciated on a straight-line basis to a zero balance over the four-year life of the project. The equipment can be sold for $220,000 after the four years. The project requires $46,000 initially for net working capital, all of which will be recouped at the end of the project. The projected operating earnings are $267.721.52; interest expense is zero a year. The tax rate is 21 percent Lakeside plans to finance the expansion in the same way they are currently capitalized. They have 18,000 shares of stock outstanding that are currently valued at $82 a share and provide a rate of return of 13.2 percent. The firm also has 600 bonds outstanding that have a face value of $1,000, a market price of $1.032, and a coupon rate of 7 percent. These bonds mature in 7 years and pay interest semiannually. The 800 shares of outstanding preferred stock carry a dividend of 6.85 and are selling for $72.26 per share. The risk associated with the expansion is comparable to the risks of the firm's current operations, a. Calculate the yearly after tax cash flows for years 0.1, 2 and 3. b. Calculate the cash flow for year 4. c. Calculate the cost of equity. d. Calculate the after-tax cost of debt. e Calculate the cost of preferred stock. f. Calculate the market value weights of debt, preferred and equity. g. Calculate the WACC