Boeing Corporation is an airplane manufacturer with two divisions: commercial and military. Boeing's capital structure consists of 30% debt and 70% equity. The commercial division comprises 58.0% of Boeing's market value and has an asset beta of 1.06. The military division comprises the rest of Boeing's market value and has an asset beta of 0.52. The risk-free rate of return is 2% and the market risk premium is 4%. a. What is Boeing Corporation's asset beta? b. What is Boeing Corporation's equity cost of capital? a. What is Boeing Corporation's asset beta? Boeing's asset beta is . (Round to two decimal places.) b. What is Boeing Corporation's equity cost of capital? Boeing's equity cost of capital is \%. (Round to two decimal places.)