The company is planning to invest in a new business area. Estimates of the lifecycle cash flows of the investment have been prepared.

Year $0$ FCF: $-6,4($M$.$ euros$),$ Year $1$ FCF: $1\mathrm{.}7$ M$.$e $,$ Year $2$ FCF: $3$ M$.$e $,$ Year $3$ FCF: $3,7$ M$.$e $,$ Year $4$ : $1$ M$.$e

An appropriate cost of capital is still required to calculate NPV$.$ The estimated risk$-$free return is $2\mathrm{.}5\%$ and the expected return on the market portfolio is $7\mathrm{.}5\%.$ TThe company has identified three peer companies $($COM$,$ PARA and BLES$)$ whose shares are traded on the securities market and whose business is comparable to the planned investment. COM is a wholly equity financed company with a $\backslash$beta E of $1\mathrm{.}42.$

Calculate the cost of capital rU$,$ which reflects COM's business risk. Enter the answer as a percentage to two decimal places $[$x$.$xx$].$

In PARA's market$-$value balance sheet, the debt$-$equity ratio is $0\mathrm{.}125.$ PARA's $\backslash$beta E is $1,845$ and the liabilities are estimated to be risk$-$free.

In PARA's market value balance sheet, what is the proportion of net debt $[\%]$ of the company's total value? Enter the answer as a percentage to two decimal places $[$x$.$xx$].$

Calculate the $\backslash$beta U corresponding to PARA's business risk. Enter your answer to two decimal places $[$x$.$xx$].$

Calculate the cost of capital rU$,$ which corresponds to PARA's business risk. Enter the answer as a percentage to two decimal places $[$x$.$xx$].$

BLES' market$-$value balance sheet has a debt$-$equity ratio of $0\mathrm{.}25.$ BLES' $\backslash$beta E is $2,155.$ Based on the yield on the company's bonds, the cost of borrowing is estimated to be $3\mathrm{.}4\%.$ Calculate the cost of equity for BLES.

Calculate the cost of capital rU$,$ which reflects BLES' business risk. Enter the answer as a percentage to two decimal places $[$x$.$xx$].$