4. All of the following are fundamental bases for future payoffs to equity shareholders and stock share value except: a. Earnings b. Cash flows C. Dividends d. Weighted average cost of capital 5. A company has a market beta of 0.9, is subject to an income tax rate of 20%, has a risk- free rate of 2 percent, and a market rate of return of 10%, What is the company's required rate of return (Re)? a. 6.4% b. 9.2% c. 10.6% d. 13.7%