New Beginnings has the following capital structure; 6.5% First Mortgage Bonds - $70,000,000 outstanding: 8% senior sub-ordinated Bonds - $36,000,000 outstanding; Class A preferred stock paying 4.5%, $18,000,000 outstanding; Class B preferred stock paying 6.0%, $15,000,000 outstanding; Common Equity $95,000,000 outstanding paying 14%. Its tax rate is 38%. a) What is New Beginnings WACC? b) New Beginnings is considering the issuance of $30,000,000 project financing bonds for an up-coming capital project. The bonds will be priced at 6.3%. What is New Beginnings WACC with the new issue