1) Calculate the cost of equity for Boston Industries using the following information: The cost of debt is 7%, the corporate tax rate is 40%, the rate on Treasury Bills is 4%, the firm has a beta of 1.1, and the expected return on the market is 12%..

Ans is: 12.8% i just need the STEPS

2) Given the following information, what is the cost of equity for the Teevox Corporation? Expected return in the domestic market is 12%, the risk-free rate of return is 4%, the firm's beta is 1.1, and the required return on debt for the firm is 7%.

Ans is: 12.8% i just need the STEPS