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Estimating the Weighted Average Cost of Capital estimated market beta of 0 . 8 5 . Assume that the expected risk - free rate is

Estimating the Weighted Average Cost of Capital
estimated market beta of 0.85. Assume that the expected risk-free rate is 2.1% and the expected market premium is 5%.
Kellogg's stock closed at $57.01 on December 31,2018. On that same date, the company had 420,666,780 shares issued, of which 76,801,314 shares were in treasury.
a. What is Kelloggs total market capitalization as of December 31,2018?
Enter answer in billions, rounding to one decimal place.
q billion
b. Compute Kelloggs WACC.
Use your rounded answer above for computation.
Round answer to two decimal places (ex: 0.02345=2.35%).
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