The answer sheet, so make sure it is filled out correctly. Turn in your answer sheet. X Corporation stock sells for $30. He/she tells the vice president that the corporate tax rate is a flat 40%. They are expected to grow at 5.75%. Treasury bonds yield 4.5%. The market is expected to return 10.5%. They have a beta of 1.3. Their bonds sell for $910. They have 12 years till maturity. They pay semi- annual payments. They have $2,250,000 in retained earnings this year. Par is $1000. The coupon rte is 7%. Floatation costs are S9.5 Liabilnies and Accounts rec Total wners equity otal liabilities and S 4,000.00 #1 What is the cost of debt? #2 What is the after tax cost of debt? #3 What is the cost of equity for retained earnings