A company is 48% financed by risk-free debt. The interest rate is 9%, the expected market risk premium is 7%, and the beta of the company’s common stock is .58.a. What is the company cost of capital?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)Cost of capital            %b. What is the after-tax WACC, assuming that the company pays tax at a 35% rate?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)After-tax WACC            %




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