Question: please answer A, B, and C please OX Attempts 0 5. Problem 10.12 (WACC) Keep the Highest 0/3 M ebook Empire Electric Company (LEC) only

OX Attempts 0 5. Problem 10.12 (WACC) Keep the Highest 0/3 M ebook Empire Electric Company (LEC) only debt and common equity. It can borrow unlimited amounts at an interest rate of 10% song as it has a stretta structure, which calls for 404 debt and 60% common equity. Its last dividend (D) was $3.00, its expected constant growth ste is 6%, and to common stock is for EEC tax rate is 25%. Two projects are available: Project A has a rate of retum of 15%, and Project is return is. These two projects we aquely miaky and about at rieky se existing assets a. What is its cost of common equity? Do not round Intermediate calculations. Round your answer to the decimal places b. What is the WACC? Do not round intermediate calculations. Round your answer to two decimal places c. Which projects should Empire accept? Preme A Project Grade it Now Save & Continue Continue without saving
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