Use the information to answer the following questions. The Global Advertising Company has a marginal tax rate of 30%. The company can raise debt at 10% interest rate, . The last dividend paid by Global was $2. Global's common stock is selling for $20 per share, and its expected growth rate in earnings and dividends is 8%. Global plans to finance all capital expenditures with 20% debt and 80% equity. What is the firm's weighted average cost of capital if the firm has sufficient retained earnings to fund the equity portion of its capital budget? Select one: a. 13.95% b. 11.59% c. 16.44% d. 15.70% e. 12.37% Continued from previous question. Assume that the floatation cost of new stock issuing is 1.5%. What is Global's cost of common stock if it has to issue new common stock? Select one: a. 18.96% b. 18.65% c. 17.78% d. 16.23% e. 19.65%