Question: please help ASAP (If information appears to be missing, change the row height to see it.) Based in Winnipeg, Manitoba, Milton Fabricators LLP. (MFL) was
please help ASAP





(If information appears to be missing, change the row height to see it.) Based in Winnipeg, Manitoba, Milton Fabricators LLP. (MFL) was founded to provide security systems, facilities controls and related services. MFL established a solid reputation for quality and the business grew thanks to strong relationships with large, long-term customers in Canada and the United States. The Research and Innovation Group (RIG) is the development side of the company. They are considering a new contract that will strain resources for not only RIG, but the entire company. With an upfront cost of $6.0 million, managers understand that the cost of capital will be a key part of maintaining and improving Clearview's competitive edge. You have been asked to calculate the company's weighted average cost of capital (WACC), based on the following information. Over the last five years the annual dividends on the firm's common stock have grown at 4.00 percent per year and this growth is expected to continue indefinitely. A common share dividend of $2.420 per share was recently paid. Common shares trade at $47.000 per share. The company has authorized 450,000 common shares, with 338,000 common shares issued and outstanding. The company has issued 157,000 of the 180,000 preferred shares authorized. The annual preferred share dividend is $1.090 per share. The latest preferred share price is $23.100 per share. MFL has an outstanding bond issue, payable semi-annually, that originally had a 25 year maturity. The initial bond offering was sold 10 years ago, at par and raised $11.90 million dollars. (To be specific 11,900 bonds were sold at $1,000 each.) The yield to maturity, when they were issued, was 7.00 percent. Currently, the nominai yield to maturity on bonds with a similar risk is at 7.85 percent. The company will use its current capital structure to set target weights for debt; preferred shares and common shares. Flotation costs are 5.00 percent for preferred shares, 6.00 percent for common shares and 6.00 percent for debt. The company's tax rate is 40.00 percent. After-tax earnings for the year will be $5.00 million and the company has a payout ratio of 30.00 percent. Use this information to answer the questions on the next spreadsheet tab. Unless directed otherwise; > Percentages should be rounded to two decimal places. If you want to enter the number 12.34%, for example, enter 12.34 (not 0.1234 ) and do not enter the percent sign. > Bond prices should be to two decimal places (e.g. 512.34 ) > 'Per share' figures should be rounded to three decimal places (e.g. $1.234 per share) > Total dollar figures should be rounded to zero decimal places (e.g. \$1,234) The following tables are presented to help you organize the information from the case, for use in formulas: (there are no marks associated with the information in this tahlol Question Sheet Answer sheet Supporting calculations New. 2. the company uses new debt, new preferred shares and new common shares? E. How much of the new capital projects can be funded without using new shareholders? (Enter your answer in whole numbers. For example, \$1,234,000 not \$1.234 million.) (If information appears to be missing, change the row height to see it.) Based in Winnipeg, Manitoba, Milton Fabricators LLP. (MFL) was founded to provide security systems, facilities controls and related services. MFL established a solid reputation for quality and the business grew thanks to strong relationships with large, long-term customers in Canada and the United States. The Research and Innovation Group (RIG) is the development side of the company. They are considering a new contract that will strain resources for not only RIG, but the entire company. With an upfront cost of $6.0 million, managers understand that the cost of capital will be a key part of maintaining and improving Clearview's competitive edge. You have been asked to calculate the company's weighted average cost of capital (WACC), based on the following information. Over the last five years the annual dividends on the firm's common stock have grown at 4.00 percent per year and this growth is expected to continue indefinitely. A common share dividend of $2.420 per share was recently paid. Common shares trade at $47.000 per share. The company has authorized 450,000 common shares, with 338,000 common shares issued and outstanding. The company has issued 157,000 of the 180,000 preferred shares authorized. The annual preferred share dividend is $1.090 per share. The latest preferred share price is $23.100 per share. MFL has an outstanding bond issue, payable semi-annually, that originally had a 25 year maturity. The initial bond offering was sold 10 years ago, at par and raised $11.90 million dollars. (To be specific 11,900 bonds were sold at $1,000 each.) The yield to maturity, when they were issued, was 7.00 percent. Currently, the nominai yield to maturity on bonds with a similar risk is at 7.85 percent. The company will use its current capital structure to set target weights for debt; preferred shares and common shares. Flotation costs are 5.00 percent for preferred shares, 6.00 percent for common shares and 6.00 percent for debt. The company's tax rate is 40.00 percent. After-tax earnings for the year will be $5.00 million and the company has a payout ratio of 30.00 percent. Use this information to answer the questions on the next spreadsheet tab. Unless directed otherwise; > Percentages should be rounded to two decimal places. If you want to enter the number 12.34%, for example, enter 12.34 (not 0.1234 ) and do not enter the percent sign. > Bond prices should be to two decimal places (e.g. 512.34 ) > 'Per share' figures should be rounded to three decimal places (e.g. $1.234 per share) > Total dollar figures should be rounded to zero decimal places (e.g. \$1,234) The following tables are presented to help you organize the information from the case, for use in formulas: (there are no marks associated with the information in this tahlol Question Sheet Answer sheet Supporting calculations New. 2. the company uses new debt, new preferred shares and new common shares? E. How much of the new capital projects can be funded without using new shareholders? (Enter your answer in whole numbers. For example, \$1,234,000 not \$1.234 million.)
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