If Smolinski, Incorporated, were an all$-$equity company, it would have a beta of $\mathrm{.}90.$ The company has a target debt$-$equity ratio of $\mathrm{.}45.$ The expected return on the market portfolio is $11$ percent and Treasury bills currently yield $2\mathrm{.}9$ percent. The company has one bond issue outstanding that matures in $20$ years, a par value of $$1,000,$ and a coupon rate of $5\mathrm{.}9$ percent. The bond currently sells for $$1,045.$ The corporate tax rate is $22$ percent.

a$.$

What is the company$$s cost of debt? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What is the company$$s cost of equity? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the company$$s weighted average cost of capital? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$