Mullineaux Corporation has a target capital structure of 50 percent common stock, 5 percent preferred stock, and 45 percent debt. Its cost of equity is 9 percent, the cost of preferred stock is 4 percent, and the pretax cost of debt is 6 percent. The relevant tax rate is 34 percent. a. What is Mullineauxs WACC? (Round your answer to 2 decimal places. (e.g., 32.16)) WACC % b. What is the aftertax cost of debt? (Round your answer to 2 decimal places. (e.g., 32.16)) Cost of debt % Bowman, Inc., is proposing a rights offering. Presently there are 200,000 shares outstanding at $74 each. There will be 50,000 new shares offered at $65 each. a. What is the new market value of the company? New market value $ b. How many rights are associated with one of the new shares? Number of rights needed c. What is the ex-rights price? (Round your answer to 2 decimal places. (e.g., 32.16)) Ex-rights price $ d. What is the value of a right? (Round your answer to 2 decimal places. (e.g., 32.16)) Value of a right $ The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $19.00 for each of the 25 million shares sold. The initial offering price was $21.70 per share, and the stock rose to $22.70 per share in the first few minutes of trading. Raven paid $880,000 in direct legal and other costs and $340,000 in indirect costs. What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Flotation cost %