METRA is considering building a new train line from Chicago to Utopia. Use the following information to help Metra determine their cost of capital to assess the project:

• Debt totals $150 million with a 5% coupon, was issued 3 years ago and is now trading at 98
• Common stock (14 million shares outstanding) now trade at $25 per share
• The common stock will pay an annual dividend of $1.10 this year, and is growing at 3% per year
• METRA pays a corporate tax rate of 21%.
• The risk-free rate is 3%, the market return is 9%
• Metra's common stock Beta is 1.2

1. What debt and equity weights will Metra use to calculate WACC?
2. What is METRA's cost of debt?
3. What is METRA's cost of common equity?
4. What is METRA's WACC?