Growth? Company's current share price is $ 20.25 and it isexpected to pay a $ 1.00 dividend per share next year. After? that,the? firm's dividends are expected to grow at a rate of 3.9 % peryear. a. What is an estimate of Growth? Company's cost of? equity?b. Growth Company also has preferred stock outstanding that pays a$ 2.25 per share fixed dividend. If this stock is currently pricedat $ 28.15?, what is Growth? Company's cost of preferred? stock? c.Growth Company has existing debt issued three years ago with acoupon rate of 5.8 %. The firm just issued new debt at par with acoupon rate of 6.5 %. What is Growth? Company's cost of? debt? d.Growth Company has 4.9 million common shares outstanding and 1.4million preferred shares? outstanding, and its equity has a totalbook value of $ 50.0 million. Its liabilities have a market valueof $ 20.1 million. If Growth? Company's common and preferred sharesare priced as in parts ?(a?) and ?(b?), what is the market value ofGrowth? Company's assets? e. Growth Company faces a 38 % tax rate.Given the information in parts ?(a?) through ?(d?), and youranswers to those? problems, what is Growth? Company's WACC? ?Note:Assume that the firm will always be able to utilize its fullinterest tax shield.