(28 points) Quick-Link has debt outstanding with a market va1ue of $200 mi11ion, and equity outstanding with a market value of $800 mi11ion. Quick-Link is in the 21% tax bracket, and its debt is considered risk free. The average cost of debt is 10% and the corporate tax rate is 21%. Morgan Stan1ey has provided an equity beta of 1.29 . Given a risk free rate of 3% and an expected S\&P market return of 12%, ca1cu1ate the discount rate for a scale enhancing project in the hypothetica1 case that Quick-Link is a11 equity financed. Hint: first step is to calculate the un1evered beta. What wou1d be the weighted cost of equity (WACC) in the event that Quick-Link funds the scale enhancing project with the same debt equity ratio instead