(20 Points) 3. As a measure of FDX's current cost of debt, FDX issued s1,000,000,000 par value of new long-term debt with a coupon rate of 4.050% (paid semiannually) that will mature on February 15,2048. The issue price was 99.584%, thus the cost of the debt to FDX was 4.051%. You may use this bond issue to estimate FDX's cost of new issue, 30-year maturity debt. What is FDX's after tax cost of the new debt assuming a 26 percent income tax rate? Remember: After-tax cost- before-tax cost (1-tax rate). Data obtained from: https://www.investopoli.com/en/2018/01/30/fedex-bond-us31428xbg88 After-tax cost- (20 Points) 4. Given the after-tax cost of new FDX 30-year bonds calculated in the previous problem and that FDX reports that its current capital structure is 48.3% debt (Debt/ Total Asset ratio is 48.3%) and 51.7% equity, what is the weighted average cost of capital (WACC) for FDX given the cost of debt and equity capital calculated above? FDX has no preferred stock. Remember WACC Wa (before-tax cost of debt)*(1-tax rate) + ws *cost of equity WACC