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22,23 please 22. Ralph Lauren's capital structure contains 40% equity and 60% debt. The before-tax cost of debt is 9% and the cost of equity

22,23 please image text in transcribed
22. Ralph Lauren's capital structure contains 40% equity and 60% debt. The before-tax cost of debt is 9% and the cost of equity is 15%. The tax rate is 34%. What is Ralph Laurens WACC? 23. Salesforce has both debt and equity. The debt portion is 45%. They may issue new bonds at a YTM of 10% and the tax rate is 30%. If the firm's WACC is 12% find the firm's cost of equity

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