This is all part of one question that I don't understand fully

Peter Johnson, the CFO of Homer Industries, Inc is trying to determine the Weighted Cost of Capital (WACC) based on two different capital structures under consideration to fund a new project. Assume the company's tax rate is 30%. Tax Rate 30% Component Debt Preferred Stock Common Stock Total Scenario 1 $5,000,000.00 1,200,000.00 1,800,000.00 $8,000,000.00 Scenarlo 2 $2,000,000.00 2,200,000.00 3,800,000.00 $8,000,000.00 Cost of Capital 8% 10% 13% 1-a. Complete the table below to determine the WACC for each of the two capital structure scenarios. (Enter your answer as a whole percentage rounded to 2 decimal places (e.g..3555 should be entered as 35.55).) Scenario 1 Weight % Scenario 2 Weight % Scenario 1 Scenario 2 Weighted Cost Weighted Cost Cost of Capital 8% 10% 13% Tax Rate 30% Debt Preferred Stock Common Stock Total 0.00% 0.00% Assume the new project's operating cash flows for the upcoming 5 years are as follows: Initial Outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 WACC Project A $ -8,000,000.00 1,020,000.00 1,850,000.00 1,960,000.00 2,370,000.00 2,550,000.00 WACC (from Part 1) NPV IRR Payback Method