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In mid-2015, Qualcomm Inc. had $13 billion in debt, total equity capitalization of $88 billion, and an equity beta of 1.37 (as reported on Yahoo!

In mid-2015, Qualcomm Inc. had $13 billion in debt, total equity capitalization of $88 billion, and an equity beta of 1.37 (as reported on Yahoo! Finance). Included in Qualcomm's assets was $23 billion in cash and risk-free securities. Assume that the risk-free rate of interest is 3.1 % and the market risk premium is 3.9 %.

a. What is Qualcomm's enterprise value?

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

c. What is Qualcomm's WACC?

(Round to the nearest whole number.)

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