You were recently hired by Scheuer Media Inc. to estimate its cost of capital. You obtained the following data: Dividend at the end of the year D1 = $1.82; The stock is currently trading at a price of $42.50, and the dividends are expected to grow at a growth rate of 2% (constant); The flotation costs for issuing the shares of common stock is 5.00% of the proceeds. The cost of equity raised by selling new common stock is ______% (show 2 decimals, e.g. 9.99%).

Data for Fun 4 All, Inc.'s capital budgeting projects: Project 1 2 3 WACC 10% 10% 10% NPV 500 550 -300 IRR 11% 10.50% 9% Based on these data, knowing that these projects are INDEPENDENT, you would choose project

a. Project 2

b. Project 3

c. Project 1 and 2.

d. Project 1

ANSWER BOTH PLEASE!