Bigquiz Corporation
(in millions) ($ millions)
		2018	2019
sales			550
cost of goods sold			400
depreciation			100
interest rate			10.0%
payout			40.0%
tax rate			30.0%
account receivable		26	30
cash		20
inventory		28	32
net fixed asset		300	345
account payable		20	25
note payable		10	10
long-term debt		100	120
common stock		60	60
retained earning		184
shares outstanding			10

1. If risk free rate is 3%, market risk premium is 7%, and the companys beta is 1.2, how much is the cost of equity? How much is WACC?