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please answer 5&6 First Firm has $157 of outstanding debt and a market cap of $184. The debt costs 0.08 per year. The firm has

please answer 5&6
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First Firm has $157 of outstanding debt and a market cap of $184. The debt costs 0.08 per year. The firm has an equity beta of 2.4. The market risk premium is 0.06. The risk-free rate is 0.02. First Firm is in the 0.24 tax bracket. What is First Firm's wacc? Question 6 1pts When Trump passed the TCJA in Dec 2017, the corporate tax rate fell. This caused a in the net cost of debt financing: increase

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