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please show step by step working, no excel 'Tricia Redwood Company Limited has a targeted capital structure of 50% debt and 50% equity. The company

please show step by step working, no excel
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'Tricia Redwood Company Limited has a targeted capital structure of 50% debt and 50% equity. The company estimates that it can issue debt at before tax cost of 13.5%, and its tax rate is 30%. The company stock beta is 1.4, the risk free rate is 9% and market risk premium is 6%. The company has a constant growth rate of 6% and a just paid dividend of $3 and sell at $32 per share. Calculate; 1. The company after tax cost of debt? II. What is the company cost of equity using capital asset model (CAPM)? III. What is the company cost of equity using the discount dividend model? (DDM)? IV. What is the WACC using DDM? V. If the flotation cost of new equity is 10%. What will be the company's cost new equity capital? VI. What would be the company WACC using the new capital

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