If Smolinski, Incorporated, were an all-equity company, it would have a beta of 1.15 . The company has a target debt-equity ratio of .80 . The expected return on the market portfolio is 12 percent and Treasury bills currently yield 3.7 percent. The company has one bond issue outstanding that matures in 30 years, a par value of $2,000, and a coupon rate of 6.4 percent. The bond currently sells for $2,090. The corporate tax rate is 23 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., 32.16.) 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., 32.16.) c. What is the company's fveighted average cost of capital? (Do not round intermediate calculations and enteryour answer as a percent rounded to 2 decimal places, e.g., 32.16.)