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I need help with these two! Thanks Question 1 10 pts The Bike Shop, Inc. has 10 million shares of stock outstanding. The stock currently

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I need help with these two! Thanks

Question 1 10 pts The Bike Shop, Inc. has 10 million shares of stock outstanding. The stock currently sells for $18 per share. The firm's debt is publicly traded and was recently quoted at 90% of face value. It has a total face value of $120 million, and it is currently priced to yield 9%. The risk free rate is 1.5% and the market risk premium is 7%. You've estimated that the firm has a beta of 1.20. The corporate tax rate is 32%. What is the cost of equity? 9.2% O 10.4% O 9.9% O 8.6%

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