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1. Studio company is considering a new project that to produce a new line of mobile phone in July 2013. Studio' s manager decided to spend $100,000 for the marketing project and equipment and estimates to sell 1000 cell phones per year for 6 years with a price of $300 each in the first 3 years and $250 each during the remainder of the period. Know that other outflows of Studio are $50,000;$5,000;$3,000;$3,000 in 2013, 2014, 2015, and 2016, respectively. We have the capital structure and market data for Studio's security as follows: Debt: 50,000 of 9 percent coupon bonds outstanding, 10 years to maturity, $1000 par value each and the bonds have Yield to maturity of 10% and make semiannual payment. Preferred stock: 100,000 shares of 8.5 percent preferred stock outstanding, selling at $80 per share, par =$100 Common stock: 900,000 shares outstanding, selling for $50 per share, the beta is 1.5, recent dividend =8S,g=2% Market data: 8% expected market risk premium; Treasury bond has rate of return is 5%. Tax: 40% Require: a) Calculate the price of bond, preferred stock and common stock? b) Calculate WACC? c) Comment whether or not the company should implement the new project? 1. Studio company is considering a new project that to produce a new line of mobile phone in July 2013. Studio' s manager decided to spend $100,000 for the marketing project and equipment and estimates to sell 1000 cell phones per year for 6 years with a price of $300 each in the first 3 years and $250 each during the remainder of the period. Know that other outflows of Studio are $50,000;$5,000;$3,000;$3,000 in 2013, 2014, 2015, and 2016, respectively. We have the capital structure and market data for Studio's security as follows: Debt: 50,000 of 9 percent coupon bonds outstanding, 10 years to maturity, $1000 par value each and the bonds have Yield to maturity of 10% and make semiannual payment. Preferred stock: 100,000 shares of 8.5 percent preferred stock outstanding, selling at $80 per share, par =$100 Common stock: 900,000 shares outstanding, selling for $50 per share, the beta is 1.5, recent dividend =8S,g=2% Market data: 8% expected market risk premium; Treasury bond has rate of return is 5%. Tax: 40% Require: a) Calculate the price of bond, preferred stock and common stock? b) Calculate WACC? c) Comment whether or not the company should implement the new project