Just need the interpretation portion (wording)please

4. Haroldson Inc. common stock is selling for $22 per share. The last dividend was $1.20, and dividends are expected to grow at a 6% annual rate. Flotation costs on new stock sales are 5% of the selling price. What is the cost of Haroldson Inc.'s new common stock? 5. Kokapeli, Inc. has a target capital structure of 40% debt and 60% common equity, and has a 4056 marginal tax rate. If the firm's yield to maturity on bonds is 7.5% and investors require a 15% return on the firm's common stock, what is the firm's WACC? 6. Jiffy Co. expects to pay a dividend of $3.00 per share in one year. The current price of Jiffy common stock is $60 per share. Flotation costs are $3.00 per share when Jiffy issues new stock. What is the cost of internal common equity if the long-term growth in dividends is projected to be 8 percent indefinitely? 7. APR Company's preferred stock is currently selling for $28.00, and pays a perpetual annual dividend of $2.00 per share. New issue of preferred stock would have S3 per share in flotation costs. The firm's tax rate is 40%. Compute the cost of new preferred stock