Excel Online Structured Activity: WacC Estimation Assume that there is no short-term debt. rate of 8%. (The next expected dividend is $1.20,50$1.20/$30=4%.) The marginal corporate tax rate is 35%. The data has been collected in the Microsaft Excel Oniline file below. Open the spresdsheet and perform the required analysis to answer the question below. x Open spreadsheet Do not round intermediate calculations. Na c. Suppose now that there is not enaugh internal cash flew and the firm must issue new shares of stock. Qualitatively speaking, what will happen to the WicC? I. r5 and the Wacc will not be affected by flotation costs of new equity. II. is and the WACC will increase due to the flotation costs of new equity. III. r5 and the WACC will decrease due to the flotation costs of new equity. IV. rs will increase and the WAcC will decrease due to the flotation costs of new equity. V. r5 will decrease and the waCc will increase due to the flotation costs of new equity