please complete parts a,b, and c answer for part A is not 7.756

Arden Corporation is considering an investment in a new project with an unlevered cost of capital of 8.7%. Arden's marginal corporate tax rate is 37%, and its debt cost of capital is 5.1% a. Suppose Arden adjusts its debt continuously to maintain a constant debt-equity ratio of 0.5. What is the appropriate WACC for the new project? b. Suppose Arden adjusts its debt once per year to maintain a constant debt-equity ratio of 0.5. What is the appropriate WACC for the new project now? c. Suppose the project has free cash flows of $9.7 million per year, which are expected to decline by 2.1% per year. What is the value of the project in parts (a) and (b) now? a. Suppose Arden adjusts its debt continuously to maintain a constant debt-equity ratio of 0.5. What is the appropriate WACC for the new project? if Arden adjusts is debt continuously to maintain a constant debt-equity ratio of 0.5, the appropriate WACC for the new project in this case is 7.786% (Round to three decimal places)