Part 1 Peter Johnson, the CFO of Homer Industries, Inc is trying to determine the Weighted Cost of Capital (WACC) based on two different capital structures under consideration to fund a new project. Assume the company's tax rate is 30%. Component Debt Preferred Stock Common Stock Total Scenario 1 $5,000,000.00 1,200,000.00 1,800,000.00 $8,000,000.00 Scenario 2 $2,000,000.00 Cost of Capital 8% Tax Rate 30% 2,200,000.00 10% 3,800,000.00 $8,000,000.00 13% 1-a. Complete the table below to determine the WACC for each of the two capital structure scenarios. (Enter your answer as a whole percentage rounded to 2 decimal places (e.g. .3555 should be entered as 35.55).) Scenario 1 Weight % Scenario 2 Weight % Scenario 1 Scenario 2 Weighted Cost Weighted Cost Cost of Capital Tax Rate Debt 8% 30% Preferred Stock 10% Common Stock 13% Total 0.00% 0.00%