The common stock of Buildwell Conservation & Construction Inc. (BCC) has a beta of 0.9. The Treasury bill rate is 4%, and the market risk premium is estimated at 9% BCCI's capital structure is 26% debt, paying an interest rate of 7%, and 74% 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 12%, should it accept the project if it has the same level of risk as the current firm? Answer is not complete. a. 12.10 Cost of equity capital WACC Accept the project %6 % b. c. Yes