Calculate the WACC and cost of equity for the following data.

Information for Harley-Davidson Discount Rate Calculation \begin{tabular}{|l|l|} \hline Beta & 1.32 from Yahoo Finance \\ \hline Risk Free Rate & 4.00% given (the 10 -year yield on US Govt Bonds) \\ \hline Market Risk Premium & 5.00% given (historical difference between expected return on market and US Govt bond rate) \\ \hline Market Capitalization & 5,363 from Mergent (top of company financials page) in \$ millions \\ \hline Book Value of LT Debt & 4,596 from Mergent Balance Sheet in $ millions \\ \hline Yield on LT Debt & 7.20% from Finra.org (yield on longest maturity or average of yields on longer dated bonds) \\ Excess Cash & 0 from Mergent Balance sheet and assumed to be "Short Term Investments" in \$ millions \\ \hline Taxes & 21% \\ \hline \end{tabular} Cost of Equity WACC \begin{tabular}{l} Valuation \\ Terminal growth rate \\ \hline Shares outstanding (millions) \\ \hline \end{tabular}