URGENT

Capital structure information for Tasman Travel Incorporated (TTI) is provided below. $35 Debt (in millions) Preferred shares (in millions) Ordinary shares (in millions) $15 $55 Coupon rate on debt 4.7% Cost of debt (YTM) 9.0% $3.50 Annual preference share dividend Preference share market price Ordinary share beta $16.13 0.58 Risk-free rate 3.75% Market Risk Premium 17.55% Required: 1. What is TTi's cost of preferred shares? 2. What is TTi's cost of ordinary equity? 3. If the company's marginal tax rate equals 34%, what is TTi's after-tax cost of debt? 4. If the marginal tax rate is 34%, what is TTi's weighted average cost of capital? 5. What is the value of TTi's interest tax shield (in dollars)