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The common stock of Bulldwell Conservation & Construction Inc. (BCCI) has a beta of 0.9 . The Treasury bill rate is 4%, and the market

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The common stock of Bulldwell Conservation \& Construction Inc. (BCCI) has a beta of 0.9 . The Treasury bill rate is 4%, and the market risk premium is estimated at 9%. BCCrs capital structure is 21% debt, paying an interest rate of 6%, and 79% equity. The debt sells at par. Buildwell pays tax at 21% 0. What is BCCT's cost of equity capltal? (Do not round intermediate calculotions. Enter your answer as a percent rounded to 2 decimol ploces.) b. What is its WACC? (Do not round intermediate calculations. Enter your onswer as a percent rounded to 2 decimal places.) c. If BCCl 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

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