Samsung has a capital structure of 65% common equity and 35% debt. It has operating assets equal to $1,000,000. Samsung has a before-tax cost of debt = 11%, a tax rate of 38%, and a marginal cost of equity =15.54%. Retained earnings are sufficient to provide the common equity portion of the capital budget. The current stock price is 33.5$ and the dividend payout ratio is 45.67%. Samsung dividend has a constant growth rate

. a. What is the expected dividend in two years? Assume NI = $85,000

b. What is Samsungs WACC?