The common stock of Buildwell Conservation & Construction Inc. (BCC) has a beta of 0.9 The Treasury bill rate is, and the market risk premium is estimated at 9%. BCCI's capital structure is 39% debt paying an interest rate of 8% and 61% equity. The debt sells at par Buildwell pays tax at 21% a. What is BCCI's cost of equity capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What is its WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. If BCCI is presented with a normal project with an internal rate of return of 10%, should it accept the project if it has the same level of risk as the current firm? a. Cost of equity capital b. WACC c. Accept the project % % Yes