Suppose $APPL is looking to raise capital for a new project. What is SAPPL weighted average cost of capital (WACC) if its beta is 1.1, the US treasury bond (T-Bond) current yield is 3.46% and the expected return on the market is 10%. Current stock price of SAPPL is $55 and it has 1,000,000 shares outstanding. SAPPL have 100,000 preferred shares trading at $150 which pays $5 dividends. SAPPL current debt of $30,000,000 and its current yield is 7%. Assume SAPPL has a tax rate of 30% 1) Calculate the cost of equity (re) and the weight of equity (We) 2) Calculate the cost of debt (rd) and the weight of debt (Wd) 3) Calculate the cost of preferred (rp) and the weight of preferred (Wp) 4) Calculate the weighted average cost of capital WACC