Consider the following data for Viacom and QVC as of fiscal year end Viacom QVC Book Value of Equity (Millions) Book Value of Debt (Millions) Book Value of Assets (Millions) 881 $ $ 2,475 S $ 4,483 $ 528 10 750 S 59.41 S Stock Price # Shares Outstanding (Millions) 37.70 120.5 65.5 Capital Markets Inform ation December, 1993 One-YearTreasury Bills Two-YearTreasury Note Ten-Year Treasury Note Thirty-YearTreasury Bond 3.44% 4,00% 5.68% 6.25% 7.05% AA Long-term Debt ALong-term Debt BBB Long-term Debt BB Long-term Debt B Long-term Debt 7.59% 9.00% 10.75% Corporate taxrate 37.00% VMacom Equity Beta QVC Equity Beta Assumed Market Risk Premium 1.20 1.50 6.00% Consider the following data for Viacom and QVC as of fiscal year end Viacom QVC Book Value of Equity (Millions) Book Value of Debt (Millions) Book Value of Assets (Millions) 881 $ $ 2,475 S $ 4,483 $ 528 10 750 S 59.41 S Stock Price # Shares Outstanding (Millions) 37.70 120.5 65.5 Capital Markets Inform ation December, 1993 One-YearTreasury Bills Two-YearTreasury Note Ten-Year Treasury Note Thirty-YearTreasury Bond 3.44% 4,00% 5.68% 6.25% 7.05% AA Long-term Debt ALong-term Debt BBB Long-term Debt BB Long-term Debt B Long-term Debt 7.59% 9.00% 10.75% Corporate taxrate 37.00% VMacom Equity Beta QVC Equity Beta Assumed Market Risk Premium 1.20 1.50 6.00%