Please DO NOT USE EXEL, Show all Fromulas and Solution step by step! Thank you! If you use EXEL, Please dont solve it.Calculate WACC.

The balance sheet of a company shows S 150 million of total assets, S 50 million long-term debt with 10 years maturity paying 7 % annual interest, and $ 6 million preferred stock paying an annual dividend of 4 %, i.e. S 3 per share. The company has 20 million shares of common stock trading for S5 per share. The company can issue additional long-term debt at a yield to maturity of 8 percent, and preferred stock at S 58 per share. Any new equity issue would require flotation costs of 10 percent. The risk-free rate is 3 %, the market risk premium. s 5 %, the company's beta is 1.20, and it faces a marginal tax rate of 21 %. 1