Please answer all parts A through G and show work, I will upvote tysm
5. Enphase Energy, Inc, can obtain funds for future investments through retained eamings, new issues of common stock, issuance of debt, and issuance of preferred stock. The Board of Directors believe an appropriate capital structure is one where funds are acquired in the following mix: 60% debs, 10% preferred stock, and 30% common stock. New issuance or flotation costs for the issuance of new securities amount to 2% for debt, 4% for preferred stock, and 7% for common stock. Enphase Energy has $180 million available in retained earnings and has a marginal tax rate of 28%. If Enphase Energy sells a new issuc of bonds that pay a 7% semi-annul coupon and mature in 30 years, these bonds can be sold for $1,142.85. If Enphase Energy sells a new issue of preferred stock that pays a \$3.00 dividend these shares of preferred stock can be priced at \$26.25. If Emphase Energy sells a new issue of common stock the dividends paid are expected to be the same as those dividends of the current common stock outstanding. Enphase Energy just paid a dividend on shares of their common stock of $1.55(D0=$1.55) and in the recent past dividends have grown at a rate of 9%. This growth rate is expected to continue into the foreseeable future for common stock. Common stock currently sells for $13.72 a share. A. What is Enphase Energy after-tax cost of a new issue of debe? (5 pts) B. What is Enphase Energy cost of new preferred stock? (4 pts) C. What is Enphase Energy cost of retained eamings? (4 pts) D. What is Enphase Energy cost of new common stock? (3 pts) E. What is Enphase Energy breakpoint, where the cheapest combination of funds is exhausted? (3 pts) F. What is Enphase Energy WACC, based on the cheapest combination of funds? (3 pts) G. What is Enphase Energy WACC , based on the more expensive combination of funds? (3 pts)