If Wild Widgets Inc. were an all-equity company, it would have a beta of 0.85. The company has a target debt-to-equity ratio of 0.40. The expected return on the market portfolio is 11 percent, and Treasury bills currently yield 4 percent. The company has one bond issue outstanding that matures in 20 years and has a 7 percent coupon rate. The bond currently sells for $1,080. The corporate tax rate is 34 percent. a. What is the companys cost of debt? b. What is the companys cost of equity? c. What is the companys WACC?