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Growth? Company's current share price is $20.10 and it isexpected to pay a $0.85 dividend per share next year. After? that,the? firm's dividends are expected to grow at a rate of 3.5% peryear.a. What is an estimate of Growth? Company's cost of? equity?b. Growth Company also has preferred stock outstanding that paysa $2.10 per share fixed dividend. If this stock is currently pricedat $28.00?, what is Growth? Company's cost of preferred? stock?c. Growth Company has existing debt issued three years ago witha coupon rate of 5.9%. The firm just issued new debt at par with acoupon rate of 6.4%. What is Growth? Company's cost of? debt?d. Growth Company has 4.7 million common shares outstanding and1.3 million preferred shares?outstanding, and its equity has atotal book value of $50.1 million. Its liabilities have a marketvalue of $19.8 million. If Growth? Company's common and preferredshares are priced as in parts ?(a?) and ?(b?), what is the marketvalue of Growth? Company's assets?e. Growth Company faces a 35% tax rate. Given the information inparts ?(a?) through ?(d?), and your answers to those? problems,what is Growth? Company's WACC??Note: Assume that the firm will always be able to utilize itsfull interest tax shield.