4. The stock in Bowie Enterprises has a beta of 112. The expected return on the market is 12.40 percent and the risk-free rate is 3.27 percent 10 points a. What is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. If the YTM on the company's bonds is 62 percent, and the tax rate is 40 percent. What is the after-tax cost of debt? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) c. If the company's debt-equity ratio is 54, what is the weighted average cost of capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32,16.) 01.42.29 a Cost of Equity = 1 b. After-tax Cost of Debt = C. WACC