estimate the cost of capital for NGL Energy $($NGL$),$ and provide details on each step you go through. When estimating the cost of equity, describe where the data came from, which data points you use, how you determine the key inputs given your estimation method $($e$.$g$.,$ beta, expected market return and risk$-$free interest rate$),$ what formulations you use, and justification.

$1$ : Estimate the cost of debt capital.

$2$ : Estimate the cost of equity capital $($you may make assumption about risk$-$free interest rate$).$

$3$ : Estimate the weight of equity financing.

$4$ : Estimate the weight of debt financing.

$5$ : Assuming a tax rate of $20\%($roughly the current US corp tax rate$),$ estimate weighted average cost of capital.

For information about the stocks or bonds, use Yahoo Finance or the Finra website.