Part 1: Calculate the Weighted Average Cost of Capital for a capital project with the following characteristics Debt = 50% Preferred Stock = 20% Common Stock = 30% R(interest rate paid on debt) 7% T(the percentage tax rate on earnings) 15% $0.10 $0.90 Mpreferred stock dividend) P(net issuing price for preferred stock) Flexpected risk-free rate of return) 3% Mexpected market rate of return) 5% B(company's beta measure) 1.2