Please use Excel and show formulas used to solve.

Innect 4-15) 1. Calculating Cost of Equity The Hudson Corporation's common stock has a beta of 1.13. If the risk-free rate is 4.1 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital? 2. Calculating Cost of Debt J&R Renovation, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 14 years to maturity that is quoted at 95 percent of face value. The issue makes semiannual payments and has a coupon rate of 6.4 percent annually. What is the company's pretax cost of debt? If the tax rate is 35 percent, what is the aftertax cost of debt