please answer everything. it is all one question.

Suppose Mullens Corporation is considering three average-risk projects with the following costs and rates of return; Project 1 Cost $2,500 $3,000 Expected Rate of Return 32.00% 22.00% 2 3 $2,750 30.00% Mullens estimates that it can issue debt at a rate of ra 20.00% and a tax rate of T = 10.00%. It can issue preferred stock that pays a constant dividend of D, = $5.00 per year and at P, = $25.00 per share. Also, its common stock currently sells for Po = $16,00 per share. The expected dividend payment of the common stock is Di = $4.00 and the dividend is expected to grow at a constant annual rate of g = 5.00% per year, Mullens' target capital structure consists of w. = 70.00% common stock, wa = 20.00% debt, and we = 10.00% preferred stock. According to the video, the after-tax cost of debt can be stated as approximately Plugging in the values for rx and (T) yields an after-tax cost of debt of According to the video, the cost of preferred stock can be stated as approximately Piugging in the values for D, and P, yields a cost of preferred stock of of Hint: Assume no flotation costs Plugging in the values for Di, Po, and 8 yields a cost of common stock of According to the video, the cost of common stock can be stated as approximately Recall that the equation for the weighted average cost of capital (WAAC) can be stated as: WAAC = of debt) x (After-tax cost of debt) + (of preferred stock) x (Cost of preferred stock) +4% of Connon equity) x (Cost of common equity) Plugging in the relevant values into the formula for WACC yields a WAAC of approximately Suppose that Mullens will only accept projects with an expected rate of return that exceeds the WAAC Which of the following projects will Mullens accept? Check all that apply. Project 1 Project 2 Project 3