Suppose shares in Tweliep Co$.$ have a beta of $0\mathrm{.}80.$ the market risk premium is $8\%,$ and the riskfree rate is $10\%.$ Tweliep's last dividend was $N$$$2,00$ per share, and the dividend is expected to grow at $8\%$ indefinitely. The share currently sells for $N$$$24,00.$ What is Tweliep's cost of equity capital? $(5)$

In addition to the information in the previous case, suppose Tweliep has a target debt$/$equity ratio of $50\%.$ Its cost of debt is $14\%$ before taxes. If the tax rate is $30\%,$ what is the WACC? $(5)$

Suppose, in the previous problem, Tweliep is seeking $N$$$30$ million for a new project. The necessary funds will have to be raised externally. Tweliep's flotation costs for selling debt and equity are $3\%$ and $15\%,$ respectively. What is the true cost of the new project? $(5)$