The CFO for company X (an exchange traded company) has asked you to compute the company's cost of capital The CFO provides you with the following information: 1.5 Million Shares outstanding and X's stock currently trades at $25 per share. 2. Interest Bearing Debt with each bond issued at $1,000 per bond (currently trading at $1,000 per bond) with 75,000 bonds issued and outstanding. Each bond pays 5% interest rate, and X pays taxes at 25% effective rate. 3. Investors wish to earn 15% to invest in X company stock. Compute X's Cost of Capital Paragraph BIOE Path: P Q = G (11)