Preblem 2-Cempratiag WACC (This is the last problem is Clapter 11 hasdrat, page 4)(Caallenge Prebilest Ex-1) Nevala inc, is condidering a new project that wil medire no in livel firetiment of 10? million. If will fund the project with $3 mittion debelbends $1 million preferred stock, and $5, Tixe coemsele apuly. The firm has noncallable honds ourstandief that matare in ien years with a face vilue of $100, an antical cowpen rate of 5K, and a market price of $1,200. The firm can sell shares ef prefered stock that pay an mail dividend af $10 at a price of $100 per share. The firm will losse sew common stock to helphand the project. Its consum thack is currency selling for $30 per share, it is espected se pay a dividend of $3 at the end of neal year. The corgany's consant grouth rate is 946 and sax rate la 4644.Calculate the weights of debe, eomson equity, and perfered stocks for propert I ACC caliulation.(1)=sen ACalculate before tax and alter-tax setts of dete.Calculate the cort of preferred thock.Cricular the coet ef connon equity.Caludity the WACC of the preject.Wad=3(A)14=0.32=1m???4mm=0.1 Whe abrohane =9.6L.ndN=1021y=CR =808IIT=5=36y=5 Prah: XOPv=-1200Aptice Tax f=1=Ph(1-T)how to plug this into a financial calculator