Question 1 (9 points) The Bean Co. has 28 million shares of stock outstanding. The stock currently sells for $25 per share. The firm 's only debt is a bond issue with a coupon rate of 5%, face value of $100 million, and a remaining life of 10 years. The bond is currently quoted at 98 percent of par value. The risk free rate is 3%, and the expected market return is 9%. You have estimated that Bean has a beta of 1.1. The tax rate is 25%. a. What is the firm's cost of equity? b. What is the firm's cost of debt? c. What is the firm's weighted average cost of capital