Equity information i. 50 million shares ii. $80 per share iii. Beta = 1.11 iv. Market risk premium = 796 v. Risk-free rate = 296 Debt Information i. $1 billion in outstanding debt (face value) ii. Current quote = 108 iii. Coupon rate = 9%, semiannual coupons iv. 15 years to maturity V. Tax rate = 35% 31. What is the after tax cost of debt? 32. 2. 0.799 b. 1.790 c. 2.790 d. 3.7996 e. 4.7996 f 5.25 1 C Tii. Coupon rate = 9%, semiannual coupons iv. 15 years to maturity V. Tax rate=35% 31. What is the after tax cost of debt? 32. a. 0.79% b. 1.79% c. 2.79% d. 3.79 e. 4.79% f. 5.25% 8.07% h. 9.54% i. 10.12 3. 11.06