Use the following information for questions in Prublem 4: The capital structure of Truman Industries, Inc. consists of bonds and common stock equity. TI's tax rate is 40%. The details on the various components of its capital structure are as follows: 4. Notes: Maturity: 12 Years Coupon rate: 4.00% Par Value: $1,000 Current price: $820 Type: Fixed Quarterly Coupon, Non-callable Common Stock: Last Annual Dividend (just paid): $0.95 Expected growth rate of dividends: 5.00% Beta: 1.4 Risk free rate: 2.0% Expected retum of the market: 10.0% Current price: $16.00 a) What is the after-tax cost of debt of Notes? b) What is the after-tax cost of equity of the Common Stock of TI? Explain briefly your choice of method in estimating cost of equity. c) Truman's target capital structure consists is 30% debt with remainder in equity financing. Using costs of debt and equity in two parts above find TI's WACC