Intro Consider the following information for Clinkle Company: Stock information: Stock price: $74 Number of shares outstanding: 18 million Beta: 1.3 Bond information: Value of debt: $680 million Pre-tax cost of debt: 7% Other information Tax rate: 21% . Government bond interest rate: 3% Expected return on the S&P 500: 6% Part 1 What is the cost of equity? IS Attempt 4/10 for 10 3+ decimals Submit Tormation Tax rate: 21% . Government bond interest rate: 3% Expected return on the S&P 500: 6% Part 1 What is the cost of equity? IB Attempt 4/10 for 3+ decimals Submit Part 2 What is the weighted average cost of capital? IS Attempt 1/10 for 1 3+ decimals Submit