Question 5 & 6 C10 5 14 Marks (50-75 words) Approx Time: 20 Min Q6. 6 Marks Q6. Whirlpool manufactures has an income tax rate of 45%, is subject to a market beta of 12%, and has a market value-of-debt-to-market-value-of-equity ratio of 65%. If the risk-free rate is 3% and the market risk premium is 4% (6 Marks). Required: 1) Explain the role of each of the three components of the CAPM model (3 Mark). E(R) = E[RF] + B; * {E[RM] - E[R}]} 2) Compute the unlevered beta, denoted Y, and explain your findings in your own words (3 Mark) ar answer | OM