100% equity-financed company has 100,000 shares outstanding. The company market value is NOK 12 million. The company has a profit before interest and tax (OFRS) of NOK 900 000. a) What is the company's capital cost? 3 The company wants to change the capital structure by issuing 4,800 bonds each with a market value equal to a nominal value of NOK 1,000 and a coupon rate of 4%. The issue amount will be used to repurchase shares. The company is not in tax position. b) What will be the profit per stock? c) At which profit before interest and taxes is profit per stock equal for the two capital structures?