need formulas and explanations for 7-10

When Pigs Fly Flight Schools is considering adding sailing lessons to the company's school curriculum. Information on When Pigs Fly is listed below. The firm does not have sufficient retained earnings to satisfy the equity portion. COMMON EQUITY: The corporation's cost of equity is expected to grow at 4% annually, costs $25 with a $3 administrative expense and $2 underwriting fee. The last dividend paid was $2.61. PREFERRED EQUITY: Dividends are $32. The stock costs $450 and incurs 4% underwriting fees. DEBT: A bond sells for $925, has a coupon rate of 6.5% compounded semi-annually and matures in 15 years rounded. The firm's tax bracket is 35% and the flotation costs are 3% of par. Your job is to consider, by finding the net present value, whether this project is a "go" or "no go". Than initial mot af tha nroipct is $1.000.000. - 1. What is Pig's Cost of Debt? 4.9% N=30PV=(92530)PMTT=32,5FV=1000I=((3.8)(2))(1. 2. What is Pig's Cost of Common Equity? 17.6% ((2.611+.04)/(255))+.04=.176 3. What is Pig's Cost of Preferred Equity? 7.4\% 321(45018)=.074 4. What is Pig's WACC? 13.5% 5. The takeover is a risky project with a projected beta of 1.8. The risk free rate is 4%. What is the firm's RADR? 21.1% 6. Of the following choices, what should be the net present value of the project and is it a "9o" or "no go"? $490,689(90) 7. If Pig had sufficient retained earnings, what would be the cost of retained earnings? 14.8% 8. If Pig would have used retained earnings, what would have been the WACC using retained earnings to satisfy the total equity portion? 12.8% 9. What is Pig's yield to maturity? 7.4% 10. What is Pig's weighted cost of debt? 1%