Tumbull Co, has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of debt of 11.1%, and its cost of preferred stock is 12.2%. If Turnbull can raise all of its equity capital from retained earnings, its cost of common equity will be 14.7%. However, if it is necessary to raise new commen equity, it will carry a cust of 16,8%. If its current tax rate is 25%, how much higher will Tumbull's weighted average cost of capital (WACC) be if it has to raise additional common equity capital by issuing new common stock instead of raising the funds through retained earnings? (Note: Round your intermediate calculations to two decimal placers) 1.07% 0,965 1.44%0 0.91% Turnbult Co. is considering a profect that requires an intial investment of $570,000. The firm will raise the $570,000 in capital by issuing $230,000 of debt at a before-tax cost of 9.6%, $20,000 of preferred stock at a cost 10.7%, and $320,000 of equity at a cost of 13.5%. The firm faces a tax rate of 25%. What wit be the Wace for this project? (Note: Round your intermediate calculations to three decimal places.) Consider the case of Kuhn Co. Kuhn Co. Is considering a new project that will require an initial investment of $20 million. It has a target capital structure of 35% debt, 2% preferred stock, and 63% common equity. Kuhn has noncallable bonds outstanding that mature in 15 years with a face value of $1,000, an annual coupon rate of 11%, and a market price of $1555.38. The yeld on the companys current bonds is a good approximation of the yield on any new bonds that it issuec. The company can sell shares of preferred stock that pay an anfual dividend of $8 at a price of $95.70 per share. Kuhn does not have any retained earninos available to finance this project, so the firm will have to issue new cornmon stock to help fund it, Its comenon stock is currently selling for $22.35 per share, and it is expected to pay a dividend of $1.36 at the end of next year. Flotation cests will represent n% of the funds raised by issuing new common stock. The company is projected to grow at a constant rate of 9.2%, and they face a tax rate of 25M. What will be the WACC for this project? (Note: Round your internediate calculations to two decimal places.)