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Please solve for the following missing values below. Please include all work, including the work used on a financial calculator as well as all equations

Please solve for the following missing values below. Please include all work, including the work used on a financial calculator as well as all equations used. image text in transcribed

Market Cap

(in billions rounded to 3 decimals) 252.541
Beta (number rounded to 2 decimals) 0.59
Risk-Free Rate of Return (percentage rounded to 2 decimals) 3.91
Expected Return on the Market (percentage rounded to 2 decimals) 9.8
Bond Quote (percentage rounded to 2 decimals) 97
Bond Coupon Rate (percentage rounded to 2 decimals) 3.9
Market Value of Debt (in billions rounded to 3 decimals) 39.159
Weight on Equity (percentage rounded to 4 decimals) 86.58
Weight on Debt (percentage rounded to 4 decimals) 13.42
Cost of Equity (percentage rounded to 4 decimals) ?
Cost of Debt (percentage rounded to 4 decimals) ?
WACC (percentage rounded to 4 decimals) ?
Total face value of outstanding bonds is $40.3700 billion.
Bonds mature in 10 years.
Bond interest is paid semiannually.
Individual bonds have a face value of $1,000.
Corporate tax rate is 21%

WACC=(wErE)+[wDrD(1t)] Where: wE= weight on equity wD= weight on debt rE= cost of equity rD= cost of debt t= tax rate

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