provide proper calculation: Calculate Flash$$s weighted average cost of capital. $($Hint: Again be explicit about eachand every assumption, and be sure to include your calculated formula $$ and solution $$in your write$-$up$.$Exhibit $2$ Balance Sheets, $2007-2009($$$000$s except number of shares outstanding$)$

${?}^{\text{a}\text{S}\text{e}\text{c}\text{u}\text{r}\text{e}\text{d}by\text{a}\text{c}\text{c}\text{o}\text{u}\text{n}\text{t}\text{s}\text{r}\text{e}\text{c}\text{e}\text{i}\text{v}\text{a}\text{b}\text{l}\text{e}\text{.}}$

${?}^b$ To avoid a penalty for underpayment of income taxes, Flash made equal estimated tax payments quarterly on the

$15$th of April, June, September, and December of each year. The total of these four quarterly payments was

required to equal at least the lesser of $($a$)90\%$ of the taxes that would actually be incurred in the same year, or

$($b$)100\%$ of the taxes due on income of the prior year.

Exhibit $3$ Key Forecasting Assumptions and Relationships for $2010$ Through $2012$