Katy is a financial manager working for Fletcher Building Limited (FBU), a manufacturer and distributor of building products in New Zealand and Australia. Katy is doing some analysis on the company's cost of capital. (a) To estimate the marginal cost of debt and debt beta of FBU, Katy has obtained the latest yield to maturity (YTM) of Fletcher Building Notes maturing on 15 Mar 2027 from the NZX Debt Market. The YTM is 5.3% on 15 Mar 2022. The risk free rate is 3.37% and the implied market risk premium is 7.5%. According to the normal CAPM, the debt beta for FBU is Note: Please provide your answer with two decimal points in the format of xx.xx (for example, if the answer is 12.345, type in 12.34). (b) Refer to the table below. By Rating Avg. Beta By Maturity A and above BBB BB B 15 year 0.14 R