Consider the following information for Clinkle Company: Stock information: Stock price: $50 Number of shares outstanding: 18 million Beta: 0.7 Bond information: . Value of debt: $680 million Average yield to maturity: 6.9% 0 Other information Tax rate: 21% Government bond interest rate: 3% Expected return on the S&P 500: 5% . "Attempt 4/10 for 10 pts. Part 1 What is the cost of equity? 4+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the weighted average cost of capital? 4+ decimals Submit