In mid-2015, Qualcomm Inc. had

$11

billion in debt, total equity capitalization of

$91

billion, and an equity beta of

1.46

(as reported on Yahoo! Finance). Included in Qualcomm's assets was

$25

billion in cash and risk-free securities. Assume that the risk-free rate of interest is

3.1%

and the market risk premium is

4.1%.

a. What is Qualcomm's enterprise value?

b. What is the beta of Qualcomm's business assets?

c. What is Qualcomm's WACC?