premium is $7\%$ and Toyo's tax rate is $30\%.$

$(1)$ What is its cost of preferred stock? $(5\%)$

$(2)$ What is its cost of common stock? $(5\%)$

$(3)$ What is its after$-$tax WACC? $(5\%)$

$(4)$ If Toyo Inc. is considering a project with the following projected free cash flows:

The firm believes that, given the risk of this project, the WACC method is the appropria

approach to valuing the project. Should it take on this project? Why or why not?

$(5\%)$