Intro Boston Cube Inc. currently has no debt, annual free cash flows of $66 million and an average tax rate of 34%. Free cash flows are expected to grow by 5% per year forever. Using the CAPM, the firm estimates that its cost of equity is 9%. The risk-free rate is 2% and the expected equity market risk premium (MRP) is 7%. There are 8 million shares outstanding. The firm is considering a new capital structure with a debt-to-capital ratio of 25%. The company would issue bonds to repurchase its own shares at the market price. An investment bank has estimated that the yield to maturity on the company's bonds would be 3%. Attempt 1/3 for 10 pts. Part 1 What is the stock price before the recapitalization? 0+ decimals Submit Part 2 | Attempt 1/3 for 10 pts. What will be the WACC after the recapitalization? 3+ decimals Submit Attempt 1/3 for 10 pts. Part 3 What will be the stock price after the recapitalization and how many shares will be outstanding at that price? 0+ decimals Submit