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3. (5 points) Bulldog Engineering Inc. has 8.2 million shares of common stock outstanding. The current share price is $61. The company's stock has a

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3. (5 points) Bulldog Engineering Inc. has 8.2 million shares of common stock outstanding. The current share price is $61. The company's stock has a beta of 1.05. The risk-free rate is 5.2%, and the market risk premium is 7.0%. a. Calculate the company's total equity. b. Calculate the company's cost of capital or the return expected by investors in this company

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