AYY Inc. has a debt outstanding with a market value of $6,000,000 and 160,000 common shares currently trading at $48 each. The firm has a tax rate of 0.37. The yield on the debt is 6% per annum. AYY's beta is 1.05, the risk-free rate is 1.1%, and the expected return on the market is 9.5%. a. What is the weight of equity? Number % Round your answer to two decimals b. What is the cost of equity according to CAPM? Number % Round your answer to two decimals c. What is the after-tax cost of debt? Number %