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Intro Consider the following information for Clinkle Company: Stock information: Stock price: $77 Number of shares outstanding: 18 million Beta: 1.3 Bond information: Value

Intro Consider the following information for Clinkle Company: Stock information: Stock price: $77 Number of shares outstanding: 18 million Beta: 1.3 Bond information: Value of debt: $680 million Average yield to maturity: 6.9% 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? 3+ decimals Submit BAttempt 1/10 for 10 pts. Part 2 What is the weighted average cost of capital? 3+ decimals Submit BAttempt 1/10 for 10 pts.

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