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*last person was wrong please get right* If Smolinski, Incorporated, were an all-equity company, it would have a beta of 1.05 . The company has

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*last person was wrong please get right*
If Smolinski, Incorporated, were an all-equity company, it would have a beta of 1.05 . The company has a target debt-equity ratio of .40 . The expected return on the market portfolio is 10 percent and Treasury bills currently yield 3.8 percent. The company has one bond issue outstanding that matures in 22 years, a par value of $1,000, and a coupon rate of 6.7 percent. The bond currently sells for $1,085. The corporate tax rate is 25 percent. a. What is the company's cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's weighted average cost of capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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