Find the appropriate WACC based on a capital structure of 30 percent debt and 70 percent equity, with the debt at 8 percent interest, a beta (appropriately adjusted) of 2.0, a risk-free rate of 5 percent and a corresponding market risk premium of 8 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