please help, 12-21 pary a and b please

please show on an excel sheet

12-21 Froject risk? dAverageCapital(WACC)instarcetcapitalstructure,whichcallsfor45percentdebtand55percent1221FloridaElectricCompany(FEC)asesonlydebtandcenity.Itcanborfowunlimitedamountsataninterestrateof10percentaslongasitfinancesat its target capital . Its last dividend was $2, its expected constant growth rate is 4 percent, its stock sells at a price of $25, and new stock would net the company $20 per share after flotation costs. FEC's marginal tax rate is 40 percent, and it expects to have $100 million of retained earnings this year. Two projects are available: Project A has a cost of $200 million and an expected return of 13 percent, and Project B has a cost of $125 million and an expected return of 10 percent. All of the company's potential projects are equally risky. a. What is FEC's cost of equity from newly issued stock? b. What is FEC's marginal cost of capital-that is, what WACC cost rate should it use to evaluate investment projects (these two projects plus any others that might arise during the year, provided the cost of capital sched. ule remains as it is currently)