Being diligent professionals, your team is not satisfied with the assumed discount rate in the base scenario that is given to you. From your team$$s research, your team notes that The FGM Corporation issued three types of securities to finance its businesses. It has $2$ billion shares of its common stock outstanding, which is priced at $$65$ per share. The stock beta is estimated at $1\mathrm{.}55.$ In addition, the Corporation$$s $9\mathrm{.}6\%$ coupon, $$45$ billion par, $20-$year, BB$-$rated quarterly coupon paying bonds are priced at a discount of $6\%$ relative to its par. In addition, The FGM Corporation also finances its operation with $80$M shares of its preferred stock, which pays annual DPS of $$6\mathrm{.}50$ and is currently priced at $$75$ per share. Currently, the yields on long$-$term Treasury securities are around $3\mathrm{.}0\%.$ Your team references the stock market statistics reported in the Ibbotson$$s SBBI Yearbook $($highlighted in Chapter $10$ of the assigned text$)$ for the estimation of the market risk premium. Your team believes that the riskiness of the Project is compatible with that of other projects of the company. Based on your team$$s analysis, you redo the above analyses and address the above issues, i$.$e$.,$ Q$1$ ~ Q$4,$ by showing your work to your supervisor. Are there any differences in your recommendations? Why or why not?