Determine the WACC. Please provide step by step calculations. Thank you

Case Assignment ou are the manager at K&B Inc. You have been told that the company has an opportunity to Division Vice-President, ask you to evaluate the different opportunities and complete a report for expand into a new market, but will need to make a major investment to do it. Sara Harris, her including your recommendation on which expansions to do (using the methods discussed in Assume all the information given to you is accurate and all three expansions have the same risk. Options for capital structure (determine the WACC and choose the best capital structure for the the course for capital budgeting). The table below contains the information for each project. project) 35% debt at 10% with tax-rate of 40%; no preferred stock; 65% common stock at 15% or I. 50% debt at 11% with tax-rate of 40%; no preferred stock; 50% common stock at 15%. 2. Total available funds the company can raise for the expansion(s) is $10,000,000. The expansions cash flows are as follows: Expansion Initial Cost Year 1 Cash Flow Year 2 Cash Flow Year 3 Cash Flow Year 4 Cash Flow Year 5 Cash Flow Year 6 Cash Flow Year 7 Cash Flow Year 8 Cash Flow Year 9 Cash Flow 1,690,000 Florida 10,000,000 1,690,000 1,690,000 1,690,000 1,690,000 1,690,000 1,690,000 1,690,000 1.690,000 Alabama -10,000,000 0 0 725,000 800,000 900,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 ia -10,000,000 3,850,000 3,000,000 2,500,000 2,000,000 1,000,000 700,000 0 0 0 0 Year 10 Cash Flow 1,690,000 After your evaluation, write a memo (in word) to Sara Harris indicating your recommendation In the memo, you should indicate the rank of the projects, which projects are viable, then you should indicate which project(s) you recommend