Question: please answer the whole question and explain step by step include formulas and if you are calculating in excel please show all functions and steps

please answer the whole question and explain step by step include formulas and if you are calculating in excel please show all functions and steps

1. Firm ABC has a current capital structure of $45.3M in Common Stock and $18.3M in Coupon Bonds. The bonds have a YTM of 6.4% and firm has a tax rate of 21%. If the firm calculates a WACC of 7.2%, what is the cost of common stock? a. 6.94% b. 8.07% c. 10.24% d. 7.52%

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