please help with excel step-by-step (detailed) much appreciated **IMPORTANT** PLEASE MAKE SURE TO USE EXCEL WITH FORMULAS

ABBA Inc. issues common stock that is expected to pay a dividend $2.5 next year at a current price of $25 per share. If its expected dividend growth is 4%, what is ABBA's WACC, given it is financed by 20% debt with after-tax cost of debt 3.5% and the rest is financed with common equity? Tax rate is 35%.

A. 12.2%

B. 14%

C. 11.9%

D. 11.5%

E. 13.5%

PLEASE HELP WITH EXCEL STEP-BY-STEP (IN FULL detail) much appreciated **IMPORTANT** I WANT TO LEARN