Facts and Assumptions Yield to maturity on long-term government bonds Yield to maturity on company long-term bonds Coupon rate on company long-term bonds Historical excess return on common stocks Company equity beta Stock price Number of shares outstanding (millions) Book value of equity (millions) Book value of interest-bearing debt (millions) Tax rate 3.28% 4.62 5.50% 6.10% 0.80 $75.08 449.5 $11,585 $2.524 35.00% Using the above information regarding ABC, Inc. a. Estimate the company's cost of equity capital b. Estimate the company's weighted average cost of capital. (SHOW ALL YOUR CALCULATIONS FOR FULL/PARTIAL CREDIT)