If Smolinski, Incorporated, were an all$-$equity company, it would have a beta of $1\mathrm{.}05.$ The company has a target debt$-$equity ratio of $55.$ The expected return on the market portfolio is $10$ percent and Treasury bills currently yield $3\mathrm{.}2$ percent. The company has one bond issue outstanding that matures in $30$ years, a par value of $$1,000,$ and a coupon rate of $6\mathrm{.}1$ percent. The bond currently sells for $$1,055.$ The corporate tax rate is $24$ 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$.,32\mathrm{.}16.)$

$\backslash$table$[[$a$.$ Cost of debt,,$\%$