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The common stock of Buildwell Conservation & Construction, Inc., has a beta of .92. The Treasury bill rate is 4%, and the market risk premium

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The common stock of Buildwell Conservation \& Construction, Inc., has a beta of .92. The Treasury bill rate is 4%, and the market risk premium is estimated at 10%. BCCl's capital structure is 35% debt, paying a 7% interest rate, and 65% equity. Buildwell pays tax at 40%. a. What is BCCl's cost of equity capital? (Round your answer to 2 decimal places.) b. What is BCCl's WACC? (Round your answer to 2 decimal places.)

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