15. This question will continue to use the data from AMKBY from the previous question. The total value of debt is 15.5 billion and it has an estimated cost of 4.95% (the estimation was carried out using their interest expense from last year, divided by their average debt in the past two years). Total number of shares outstanding is 3.733 billion shares.

i. What is the cost of equity?

ii. Compute the weighted average cost of capital (WACC). Use a tax rate of 3.4%