1. Compute the cost of capital for XCO in 2020. XCO Balance Sheet on January 31 (milliona) 2015 2254 Tervey Ace Rec Other Cuch Current Assets 231 207 1.291 3,983 2019 2428 245 231 855 3,760 2020 2.464 Inventory 240 Ace Rec 274 Other 597 C 3,876 Current Assets 991 NPPE Other FA Total FA Total Assets 1,027 542 1574 5.393 2,202 NPPE 583 Other PA 2785 Total FA 6,660 Total A 148 5468 S.T. Debt Aces Payable Other TotalCL 121 202 403 725 113 217 388 713 351 ST Debt 261 Aces Payable 358 Other 970 TotalCL LT. Debt Other Total LT Common En Total LE 883 612 1,495 3.248 5.468 883 601 1,484 3.131 5.333 884 L.T.Debt 1.470 Other 2,354 Total LT 3,335 Common Eq 6.660 TotalLRE Income Statement for Year Ending January 31 (5 millions) 2018 2019 2020 Revemmes 4,170 4.442 4.424 Ravena Cost of wales 1,565 1.631 1,662 Cost of sales Gross profit 2,605 2,811 2,762 Gross profit SG&A 1,810 2,021 2,029 SG&A EBIT 795 790 733 EBIT Interest 42 40 39 Interest Other income 8 -7 4 Other income Table Income 761 744 690 Table Inco Traces 390 157 149 Taxes Net Income 370 556 541 Netcome E Display Settings Focus Additional Information Beta shares XCO Debt rating 0.95 T-Bill rate 10-Year T-Bond A B 0.75% 220% 3.24% 3.40% 3.75% 4.25% 5.20% 6.50% 9.27% 133.59 Year end Share Price Depreciation 101.04 207 95.04 229 260