Intro Consider the following information for Clinkle Company: Stock information: Stock price: $71 Number of shares outstanding: 18 million Beta: 1.5 Bond information: Value of debt: $680 million Average yield to maturity: 7% Other information Tax rate: 21% Government bond interest rate: 3% Expected return on the S&P 500: 7% What is the cost of equity? 3+ decimals Submit Part 2 What is the cost of capital? 3+ decimals Intro Munding Corp. has debt with a market value of $23 million and equity with a market value of $51 million. Its cost of debt is 4.6% and its cost of equity is 14%. The firm's marginal tax rate is 21%. Part 1 IB - Attempt 5/10 for 10 pts. What is the company's weighted average cost of capital? 3+ decimals Submit