The company estimates that it can issue debt at a rate of rd=9%, and its tax rate is 25%. It can issue preferred stock that pays a constant dividend of $5.00 per year at $55.00 per share. Also, its common stock currently sells for $37.00 per share; the next expected dividend, 02 is $4.75; and the dividend is expected to grow at a constant rate of 4% per year. The target capital structure consists of 75% common stock, 15% debt, and 10% preferred stock. a. What is the cost of each of the capital components? Do not round intermediate calculations, Round your answers to two decimal places. Cost of debt: % Cost of preferred stock: 96 Cost of retained earnings: b. What is Adamson's WACC? Do not round intermediste calculations. Round your answer to fwo decimal places. \% c. Only projects with expocted returns that exceed wacc wal be accepted. Which projects should Adamson accept? Project 1 Project 2 Project 3 Project 4