th 2. 80 Home Toolkit One Drive Z F2 @ W S F3 04-0 3 X E D Ibuku Corporation has four investment projects with the following costs and estimated expected rates of return e internal rates of return estimated from the discounted cash flow analysis) Project 1 $2.900.000 Project 2 $3,200,000 Project 3 $3.500.000 Project 4 $2.700.000 C Cost FS CHIM R F F600M IRR Ibuku Corporation has a capital budget set for the coming year of 54 million, L.e. the maximum capital expenditure is set at 54 million V 17% The company estimates that it can issue debt at a before-tax cost of 85 and its tax rate is 30%. The company can also issue preference shares at $45 per share, which pay a constant dividend of $4.50 per share per year The company's stock currently sells at $33 per share. The next dividend G 15% 13% 12% 6 acer & B 19.5 pts 7 H N OUDE M 2 P th 2. 80 Home Toolkit One Drive Z F2 @ W S F3 04-0 3 X E D Ibuku Corporation has four investment projects with the following costs and estimated expected rates of return e internal rates of return estimated from the discounted cash flow analysis) Project 1 $2.900.000 Project 2 $3,200,000 Project 3 $3.500.000 Project 4 $2.700.000 C Cost FS CHIM R F F600M IRR Ibuku Corporation has a capital budget set for the coming year of 54 million, L.e. the maximum capital expenditure is set at 54 million V 17% The company estimates that it can issue debt at a before-tax cost of 85 and its tax rate is 30%. The company can also issue preference shares at $45 per share, which pay a constant dividend of $4.50 per share per year The company's stock currently sells at $33 per share. The next dividend G 15% 13% 12% 6 acer & B 19.5 pts 7 H N OUDE M 2 P