9 32:33:19 The total market value of the common stock of the Okefenokee Real Estate Company is $7 million, and the total value of its debt is $4.6 million. The treasurer estimates that the beta of the stock is currently 17 and that the expected risk premium on the market is 8% The Treasury bill rate is 3%. Assume for simplicity that Okefenokee debt is risk-free and the company does not pay tax a. What is the required return on Okefenekee stock? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. Estimate the company cost of capital, (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. What is the discount rate for an expansion of the company's present business? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) d. Suppose the company wants to diversify into the manufacture of rose-colored spectacles. The bota of unleveraged optical manufacturers is 110. Estimate the required return on Okefenokee's new venture (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) a. Required return b. Cost of capital Discount d. Required return