Vorich B 4. Use the information to answer the following questions. - The Olobal Advertising Company has a marginal tax rate of 40% - The company can raise debt at a 15% interest rate. - The last dividend paid by Glohal was $3. Global's common stock is selling for $40 per share, and its expected growth rate in earnings and dividends is 99 . - Global plans to finance all capital expenditures with 40% debt and 60% equity. What is Global's cost of common stock if it ean use retained earnings rather than issue new common stock? A) 18.80% B) 18.43% C) 19.65% D) 17.1846 E) 18.0046 5. Continued frum the previous question. What is the firm's weighted average cost of capital if the firm has sufficient retained carnings to find the equity portion of its capital budget? A) 13.91% B) 11.12%6 C) 12.376 D) 16.44% E) 15.70% 6. Continued from the previous question. Assume that the floatation cost of new stock issuing is 5%. What is Global's cost of common stock if it has to issue new common stock? A) 20.00% B) 17.61% C) 16.23% D) 17.78% E) 18.96%