Please show all work. Thank you in advance!

Assume that you have been hired as a consultant by Alpha Chemicals, a major producer of chemicals and plastics, including plastic grocery bags, styrofoam cups, and fertilizers, to estimate the firm's weighted average cost of capital. The balance sheet and some other information are provided below. Assets Current assets $38,000,000 Net plant, property, and equipment $101,000,000 Total assets $139,000,000 Liabilities and Equity Accounts payable $10,000,000 Accruals $9,000,000 Current liabilities $19,000,000 Long-term debt (40,000 bonds, $1,000 par value) $40,000,000 Total liabilities $59,000,000 Common stock (10,000,000 shares) $30,000,000 Retained earnings $50,000,000 Total shareholders' equity $80,000,000 Total liabilities and shareholders' equity $139,000,000 The stock is currently selling for $17.75 per share, and its noncallable $1,000 par value, 25-year, 7.5% bonds with semiannual payments are selling for $881.00. The beta is 1.29, the yield on a 6- month Treasury bill is 3.50%, and the yield on a 20-year Treasury bond is 5.50%. The required return on the stock market is 11.50%, but the market has had an average annual return of 14.50% during the past 5 years. The firm's tax rate is 30%. Alpha Chemicals has a target weight of 30% debt and 70% equity. Address the following questions, email you solutions to me no later than 11:59 pm (October 28, 2020). 1. What is the best estimate of the after-tax cost of debt? 2. Based on the single-factor CAPM model discussed in class and available in your textbook - what is Alpha Chemicals cost of equity? 3. What is your best estimate for the market value weights of debt and equity? 4. What is your best estimate for Alpha Chemicals WACC using its target weight