Please answer in MS Excel with formulas

3. The Cost of Capital (point 15%) LO-3: Calculate Time Value of Money, Common Stock Valuation, Bond Valuation, The Cost of Capital, Capital Budgeting, Risk and Capital Budgeting The Ethereum Imports Company's EPS in 2011 was $3.00, and in 2006 it was $1.90. The company's payout ratio is 30%, and the stock is currently valued at $42. Flotation costs for new equity will be 7%. Net income in 2012 is expected to be $15 million. The market value weights of the firm's debt and equity are 40% and 60%, respectively. a. Based on the five-year track record, what is Dempere's EPS growth rate? What will the dividend be in 2012? b. Calculate the firm's cost of retained earnings and the cost of new common equity. C. Calculate the breakpoint associated with retained earnings