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Need answer ASAP please! You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry assetbeta,

Need answer ASAP please!

You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry assetbeta, you have already estimated an unlevered cost of capital for the firm of 9%. However, the new business will be 29% debtfinanced, and you anticipate its debt cost of capital will be 7%.

If its corporate tax rate is 38%, what is your estimate of itsWACC?

The equity cost of capital is what %? (Round to one decimalplace.)

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