14. Find out WACC under the following information. (1) The target capital structure consists of 40% debt and 60% common equity. (2) The company's tax rate is 20%. (3) The risk-free rate is 2%, the market expected return is 12%, and the stock's beta is 1.5 (4) The firm's noncallable bonds mature in 30 years, have an 5% annual coupon, a par value of $1,000, and a market price of $700. Use the a CAPM to estimate the cost of equity. (10 points)