Show your work with the data below. (50 points) Calculate the WACC which represents the "hurdie rate" for a fypical project with average risk using the average rate of the range of the manginal cost of common equity using retained earnings or new carnings. Data: -A 10-year, 10\% coupon, semiannual payment non-callable bonds sell for $1,153.72. New bonds will be privately placed with no flotation cost A 10%,$1,000 par value, annually dividend, perpetual preferred stock sells for \$1, 111. -Both an existing common stock and a new common stock issue, which incurs no flotation cost, sells for $100. D =$4.3995 and g=5%. Bcta =1.2;rmr=7%;RM=10%. - Bond-Yield Risk Premium =4%. -Target capital structure: 40% debt, 10% preferred stock, 50% common equity. Tax rate is 25%