Solve both Problem sets. $1$ Cost of Equity: CAPM

Booher Book Stores has a beta of $0\mathrm{.}6.$ The yield on a $3-$month T$-$bill is $3\%$ and the yield on a $10-$year T$-$bond is $6\%.$ The market risk premium is $7\mathrm{.}5\%,$ and the return on an average stock in the market last year was $13\%.$ What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places.

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Problem $2.$ WACC

Shi Import$-$Export's balance sheet shows $$300$ million in debt, $$50$ million in preferred stock, and $$250$ million in total common equity. Shi's tax rate is $25\%,$ rd $=8\%,$ rps $=5\mathrm{.}3\%,$ and rs $=14\%.$ If Shi has a target capital structure of $30\%$ debt, $5\%$ preferred stock, and $65\%$ common stock, what is its WACC? Round your answer to two decimal places.

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