The total market value of the common stock of the Okelenokee Real Estate Company is $10 million, and the total value of its debtis $6.4 million. The treasurer estimates that the beta of the stock is currently 15 and that the expected risk premium on the market is 6 The Treasury bull rate is 3%. Assume for simplicity that Okelenokee debt is risk free and the company does not pay tax a. What is the required return on Okefenokee stock? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. Estimate the company cost of capital. (Do not round intermediate calculations. Enter your answer os a percent rounded to 2 decimal places.) c. What is the discount rate for an expansion of the company's present business? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) d. Suppose the company wants to diversify into the manufacture of rose colored spectacles. The beta of unleveraged optical manufacturers is 115. Estimate the required return on Okelenokee's new venture (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Required retum b. Cost of capital C. Discount rato d Required return % % %