Need step by step solution.

14. Smith Corporation is undertaking a capital budgeting analysis. The rate on 10-year U.S. Treasury bonds is 3.6%, and the return on the S&P 500 index is 1 1.6%. if the cost of Smith Corporation's common equity is 19.6%, calculate their beta. 16. Loma Dome, Inc. is a young company that does not yet pay a dividend. You believe that the company wil begin to pay dividends 5 years from now, and that the company will then be worth $50 per share. If your required rate of return on this risky stock is 20%, what is the stock worth today? 17. Sputter Motors just sold an issue of 30-year bonds for $1,107.2. Investors require a rate of return onthese bonds of 7.75%. The bonds pay interest semiannually. What is the coupon rate of the bonds