The company estimates that it can issue debt before tax cost of 10%, and its tax rate is 30%. The company also can issue preferred stock at $49 per share, which pays constant dividends of $ 5 per year. The company stock currently sells at $36 per share, the year-end dividend is expected to be $3.50, and the dividend is expected to grow at a constant rate of 6% per year. The company capital structure consists of 75% common socks, 15% debt, and 10% preferred stocks. (3 Points) Required: 1. What is the cost of each capital structure? (1 Points) 2. what is the WACC? (1 Points) 3. Which project should the firm select? Why? Explain (1 Points) UCULL LAUG Vanual WT LOHowany wivesuch powis, acu proscooteques $25,000,000. And the cost of capital is 10%. The 2 projects investment has the after-tax cash flows as follows: (13 Points) Year 1 2 3 4 Project A $5,000,000 $10,000,000 $15,000,000 $20,000,000 Project B $20,000,000 $10,000,000 $8,000,000 $6,000,000 Requirement: 1. What is the simple payback period for each project? (2 Points) 2. What is the discounted payback period for each project? (2 Points) 3. If the two projects are independent and the cost of capital is 10%, which projects would you choose? (you must calculate NPV to answer this part). (2 Points) 4. If the projects are mutually exclusive projects and the cost of capital is 5%, which project should you choose? (you must calculate NPV to answer this part) (2 points) 5. If the cost of capital is 10%, what is the MIRR of each project? (5 Points)