Question 2C $25 Capital structure information for Bavarian Brewhouse is provided below. Debt (in millions) Preferred shares (in millions) $ 5 Ordinary shares in millions) $45 Total capital in millions) $75 Cost of debt Annual preferred share dividend Preferred share market price Ordinary share beta Risk-free rate Expected return on market portfolio 8% $ 2.50 $16.13 0.85 3.75% 17.55% Required: a. What is Bavarian Brewhouse's cost of preferred shares? b. What is Bavarian Brewhouse's cost of ordinary equity? c. If the company's marginal tax rate equals 34%, what is Bavarian Brewhouses after- tax cost of debt? d. If its marginal tax rate equals 34%, what is Bavarian Brewhouse's WACC