The stock beta for Adobe Online Company is currently 1.62.Adobe Online has a debt-to-equity (D/E) ratio of .7.The expected return on the market portfolio is 12%.The risk-free rate is 4%.The company's cost of debt is 7 percent.The corporate tax rate is 40%.

a)What is Adobe Online's current stockholder required return?

b)What is Adobe Online's weighted average cost of capital?

c)Now, assume Adobe Online is financed entirely with equity capital (no debt in the capital structure).What is new stockholder required return for Adobe Online?