Inc., has equity with a market value of $36.2 million and debt with a market value of $10.34 million. Treasury bills that mature in one year yield 3.6 percent per year and the expected return on the market portfolio is 9 percent. The beta of the company's equity is 1.13. The company pays no taxes.

a.What is the company's debt-equity ratio? (Do not round intermediate calculations and round your answer to 2 decimal places) b. 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) c. What is the cost of capital for an otherwise identical all-equity company? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places)

Shows all the step and formula. Don't round off until you get the answer.