3. Snap Inc. recently reporting its 2019 Balance Sheet (below on pg. 2). Snap's cost of equity is 6.55%. They paid $25 Million in interest expense in 2019. a. Estimate Snap's cost of debt using the information provided. Round to the hundredth place. (0.5 pts) What is Snap's weighted average cost of capital. Round to the hundredth place. (0.8 pts) c. What percent does of Snap's capital structure is derived from equity? (0.2 pts) Snapchat Inc. Balance Sheet (2019) USD in Millions Total Assets 4,012 42 ST Debt Accounts Payable Other Current Liabilities LT Debt Other Liabilities Total Liabilities 47 411 1,195 57 1,752 Preferred Stock Common Equity Total Shareholder's Equity 2,260 2,260