Please see the questions below and provide answers. Thank you.

Turnbull Co. has a target capital structure of 58% debt, If its current tax rate is 48%, how much higher will 6% preferred stock, and 36% common equity. It has a Turnhull's weighted average cost of capital [WACCII be if before-tax cost of debt of 11.1%, and its cost of it has to raise additional common equity capital by preferred stock is 12.2%. issuing new common stock instead of raising the funds through retained earnings? If Turnhull can raise all of its equity capital from retained 1.81% earnings, its cost of common equity will be 143%. g 8 35% However, if it is necessary to raise new common equity, 0 8.83% it will carry a cost of 16.8%. ' O 8.68% Turnbull Co. is considering a project that requires an initial investment of $2?8,888. The firm will raise the $2?8,888 in capital by issuing $188,888 of debt at a before-tax cost of 8.6%, $38,888 of preferred stock at a cost of 18.?%, and $148,888 of equity at a cost of 13.5%. The firm faces a tax rate of 48%. What will tie the WAGE for this project? |:|