Please answer part e.

Cost of capital Edna Recording Studios, Inc., reported earnings available to common stock of $4,000,000 last year. From those earnings, the company paid a dividend of $1.34 on each of its 1,000,000 common shares outstanding. The capital structure of the company includes 40% debt, 10% preferred stock, and 50% common stock. It is taxed at a rate of 35%. a. If the market price of the common stock is $34 and dividends are expected to grow at a rate of 7% per year for the foreseeable future, what is the company's cos of retained earnings financing? b. If underpricing and flotation costs on new shares of common stock amount to $8 per share, what is the company's cost of new common stock financing? c. The company can issue $2.02 dividend preferred stock for a market price of $29 per share. Flotation costs would amount to $6 per share. What is the cost of preferred stock financing? d. The company can issue $1,000-par-value, 9% coupon, 11-year bonds that can be sold for $1,150 each. Flotation costs would amount to $30 per bond. Use the estimation formula to figure the approximate after-tax cost of debt financing? e. What is the WACC? retained earnings financing is 11.21 %. (Round to two decimal places.) b f underpricing and flotation costs on new shares of common stock amount to $8 per share, the company's cost of new common stock financing is 125 Round to two decimal places.) %, c. If the company can issue $2.02 dividend preferred stock for a market price of $29 per share, and flotation costs would amount to S6 per share, the cost of preferred stock financing is 8.78 %. (Round to two decimal places.) d f the company can issue $1,000 par value, 9% coupon, 11-year bonds that can be sold for S 1,150 each, and ot tion costs the estimation formula, the approximate after-tax cost of debt financing is 4.85 %. (Round to two decimal places.) o uld amount t $30 per b d, using e. Using the cost of retained earnings, G, the firm's WACC, ra, is 8.42 %. (Round to two decimal places.) Using the cost of new common stock, r , the firm's WACC is % Round to two decimal places. Enter your answer in the answer box and then click Check