Jan. 1 the total market value of the Tysseland Co. was $60million. During the fi

Jan. 1 the total market value of the Tysseland Co. was $60million. During the first year the company plans to raise &invest $30 million in new projects. The firms present market valuestructure is considered to be optimal. Assume that there is noshort-term debt: Debt $30 million + common equity $30 million = $60million total capital. New bonds will have a 8% coupon rate &they will be sold at par. Common stock is currently selling at $30a share. Stockholders required rate of return expected constantgrowth rate of 8%. (the next expected dividend pymt is $1.20 so$1.20/$30 = 4%)