please do both questions please in 30 minutes will upvote

6 points McHan Company's common stock currently sells for $40 per share and the company expects to pay out a dividend of $1.40 at the end of the year. Its expected constant growth rate is 4%. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred. By how much would the cost of new stock exceed the cost of retained earnings? ( 6 points) 8 points Causey Systems is expected to pay a $3.00 dividend at year-end (D1=3.00). The dividend is expected to grow at a constant rate of 7% a year, and the common stock currently sells for $60 per share. The before-tax cost of debt is 8%, and the tax rate is 40%. The target capits 60% debt and 40% common equity. What is the company' WACC if all common equity if from retained earnings? (8 points) WACC=(wd)rd(1T)+(wp)(rp)+(ws)(rs)+(we)(re) after tax cost of debt =rd(1T) rs=D1/P0+g