Cook Wares has a target debt ratio (debt/value) of 60%. The 10-year bonds have a coupon rate of 8.3% (paid annually) and a yield to maturity of 7.2%. Tax rate is 25%. The cost of equity is 14.8%. a. Calculate the weighted average cost of capital. b. The firm has a 3-year planning period. The firm expects cash flows of $6M next year, and the cash flows will initially grow at 10%. After year 3, they estimate that the cash flows will fall at 2% indefinitely. Find the value of the operations. c. The firm has $8M in cash, $2M in debt and 5M shares outstanding. Find the share price.