Question 6 10 pts For the most recent fiscal year, book value of long-term debt at Schlumberger was $11566 million. The market value of this long-term debt is approximately equal to its book value. Schlumberger's share price currently is $45.58. The company has 1,000 million shares outstanding. Managers at Schlumberger estimate that the yield to maturity on any new bonds issued by the company will be 8.02%. Schlumberger's marginal tax rate would be 35% Schlumberger's beta is 0.8. Suppose that the expected return on the market portfolio is 8 % and the risk- free rate is 2% Assume that the company will not change its capital structure. Also assume that the business risk of the projects under consideration is about the same as the business risk of Schlumberger as a whole. What would Schlumberger's after-tax WACC be, given this information? Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places. Do not type the % symbol. Question 7 7 pts You have the following data on The Home Depot, Inc. Market value of long-term debt: $20,888 million Market value of common stock: $171, 138 million Beta: 1.01 Yield to maturity on debt with 10 years to maturity: 2.32% You also have the following market data: Expected annual return on the market portfolio: 8% Annual risk-free rate: 1% Assume that if Home Depot issues new bonds, the bonds will have 10 years to maturity. What is the company's return on assets? Do not round at intermediate steps in your calculation. Express your answer in percent. Round to two decimal places. Do not type the % symbol