e. Weighted Average Cost of Capital

1. Compute the value of the company in a.33 if the company is concentrated in an industry with half the systematic risk of your stock (so that the company in a.33 has half the beta of your stock); use the CAPM expected return as the discount rate under these assumptions by employing the same risk premium and risk-free rate as in b.1 (instead of 18% and instead of the expected return on your stock).
2. Compute the tax benefit per dollar of debt (at a 21% tax rate) for a company that has an interest rates on its debt equal to 2% less than your company's cost of equity (as computed in b.1);
3. Compute the weighted average cost of capital for a company if it has a cost of debt as given in e.2 (and assuming the tax benefit is offset by financial distress costs) and a cost of equity as computed in b.1; assume that 20% of the company is financed by debt and 80% by equity.
4. Using the weighted average cost of capital given in e.3, recompute the present value of the company in e.1 (where the cash flows in a.33 are assumed to be the net cash flows to the owners, net of debt payments as well as other expenses).

My Company is TSLA.