On January 1, the total market value of the Tysseland Company was exist60 million. During the year, the company plans to raise and invest exist10 million in new projects. The firm's present market value capital structure, here below, is considered to be optimal. There is no short-term debt. New bonds will have an 10% coupon rate, and they will be sold at par. Common stock is currently selling at exist30 a share. The stockholders' required rate of return is estimated to be 12%, consisting of a dividend yield of 4% and an expected constant growth rate of 8%. (The next expected dividend is exist1.20, so the dividend yield is exist1.20/exist30 = 4%.) The marginal tax rate is 40%. a. In order to maintain the present capital structure, how much of the new investment must be financed by common equity? Enter your answer in dollars. For example, exist1.2 million should be entered as exist1200000. b. Assuming there is sufficient cash flow for Tysseland to maintain its target capital structure without issuing additional shares of equity, what is its WACC? %