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 S910. 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 rate is 7%. Floatation costs are S9.5 Liabilities and Owners' Equity Current liabilities Assets urrent assets Cash Accounts receivable Inventory S 200.00 Accounts payable S 400.00 Notes payable 200.00Total S 800.0 40.00 S 160.0 S 200.00 Total Fixed assets Net plant and equipment S 3.200.00 Long-term debt 1000.0 Owners' equity Common stock 500,00 Retained eanings S 2,500.00 Total S 2,800.00 Total assets S4,000.00 Total liabilities and S 4,000.00 owners' equity #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