Tumbull co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of debt of 8.2%, and its cost of preferred stock is 9.3%. If Tumbull can raise all of its equity capital from retained eamings, its cost of common equity will be 12.4%. However, if it is necessary to raise new common equity, it will carry a cost of 14.2%. 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 naising the funds through retained earnings? (Note: Round your intermediate chtulations to two dedinal places.) 0.88% 0.65% 0.22% 0.85% Turnbull co. is considering a project that requires an initial investment of $270,000. The firm will raise the $270,000 in capital by issuine $100,000 of debt at a before tax cost of 9.6%,$30,000 of preferred stock at a cost of 10.7%, and $140,000 of equity at a cost of 13.5%. The flem faces a tax rate of 25%. What will be the Wace for this project