c) The Financial Manager of Intercontinental company is calculating the company's cost of capital at a target debt/equity ratio of 0.4. If the company has a bond with 28 years to maturity, a semi-annual coupon rate of 7.1%, a par value amount of $1,000 and currently sells for 105% of par value. The company's stock beta is 1.15, the expected return on the market is 10.3%, and the risk-free rate is 3.8%. Calculate: i) The company's cost of equity ii) The company's after tax cost of debt (if the tax rate is 35%) iii) The overall company's cost of capital (WACC) at the target debt/equity ratio of 0.4