Stock C is expected to pay a dividend of $2.80 next year. Between Year 1 and Year 4, the dividends are expected to grow 15% per year. Starting from Year 5, the dividend growth rate will be 1%. If the cost of equity is 13.00%, what is the price of this stock next year? The CFO of Firm X is trying to determine their WACC and asked your help with this task. According to the CFO, they have 25M shares outstanding with the market price of $36. The cost of equity is 9.70% pa. They also have 1.5M units of zero-coupon bonds (ZCB) outstanding. The ZCB has 20 years left to maturity, currently trading at $346, and the face value of $1,000. Finally, there are 5M shares of preferred stocks. These stocks are trading at $50 per share and they offer a dividend of $4.40 per share per year. If the tax rate is 25%, what is the WACC of Firm X?