Cost of capital Edna Recording Studios, Inc., reported earnings available to common stock of $5,000,000 last year From those earnings, the company pada dividend of 51 22 on each of its 1.000.000 common shares outstanding The capital structure of the company includes 35% debt, 15% preferred stock, and 50% common stock It is taxed at a rate of 26% a. If the market price of the common stock is 546 and dividends are expected to grow at a rate of 7% per year for the foreseeable future, what is the company's cost of retained earnings financing? b. If underpricing and flotation costs on new shares of common stock amount to $6 per share, what is the company's cost of new common stock financing? c. The company can issue 52.25 dividend preferred stock for a market price of $30 per share. Flotation costs would amount to $2 per share. What is the cost of preferred stock financing? d. The company can issue 51.000 par-value, 10% coupon, 13-year bonds that can be sold for $1,140 each Flotation costs would amount to $30 per bond. Use the estimation formula to figure the approximate after-tax cost of debt financing? e. What is the WACC