show all the steps and formullas clearly with a handwritten answer please. Thanks

QUESTION 2. (15 MARKS) RWQ Company has 50,000 bonds outstanding. The bonds are selling at 92% of face value, ($1,000) have a 6% coupon rate, pay interest semi-annually. There are 100,000 shares of $5.50 (dividend) preferred stock outstanding with a current market price of $65 a share. In addition, there are 1.30 million shares of common stock outstanding with a market price of $84 a share and a beta of 0.85. The common stock just paid $4.36 in dividends and it is expected to grow by 4% annually. The firm's marginal tax rate is 30%. The stock market risk premium is 9% and the Treasury bill rate is 3%. 1. What is the cost of equity-based on the dividend growth model? (2 marks) 2. What is the cost of equity-based on the security market line? Explain any difference with (1). (3 marks) 3. What is the cost of financing using preferred stock? (2 marks) 4. What is the after-tax cost of debt financing? (2 marks) 5. What is the weighted average cost of capital, using the cost of equity-based (1)? Interpret your answer. (3 marks) 6. Assume the company requires $4,000,000 to fund a new project. What amount must the company raise, if flotation costs are 4% for debt, 6% for common equity, and 7% for preferred equity? (3 marks) QUESTION 3.(12 MARKS) Use Figure I that shows the net present value profile of two projects Band C to answer the NPV Profiles 2600 2000 1500 1000 600 0 49 ON 0 ON 10% 11% 12% 13% 14% 10% 10% 17% 18% 10% 20% -600 Net -1000 -1500 -2000 Project Project -3000 2000 Discount Rate