HighGrowth Company has a stock price of $19. The firm will pay a dividend next year of $1.13, and its dividend is expected to grow at a rate of 3.5% per year thereafter. What is your estimate of HighGrowth's cost of equity capital? The required retum (cost of capital) of levered equity is % (Round to one decimal place.) CoffeeCarts has a cost of equity of 15.4%, has an effective cost of debt of 3.9%, and is financed 75% with equity and 25% with debt. What is this firm's WACC? CoffeeCarts's WACC is \%. (Round to one decimal place.) A retail coffee company is planning to open 95 new coffee outlets that are expected to generate $16.6 million in free cash flows per year, with a growth rate of 27% in perpetuity. If the coffee company's WACC is 10.3%, what is the NPV of this expansion? The present value of the free cash flows is \$ million. (Round to two decimal places.)