Find the appropriate WACC based on a capital structure of 30 percent debt and 70 percent equity, with the debt at 10 percent interest, a beta (appropriately adjusted) of 2.0, a risk-free rate of 5 percent and a corresponding market risk premium of 6 percent. The tax rate is 35%. 1. (4 points) What is the cost of equity under CAPM? 2. (4 points) What is the appropriate WACC for this opportunity? Be sure to show what values you put into your calculator or the equations you used - just a numerical answer, even if correct, will not receive full credit