The total market value of the equity of Okefenokee Condos is $6 million, and the total value of its debt is $4 million. The treasurer estimates that the beta of the stock currently is 1.2 and that the expected risk premium on the market is 5%. The Treasury bill rate is 3%, and investors believe that Okefonokee's debt is essentially free of default risk, a. What is the required rate of return on Okefonokee stock? (Do not round Intermediate calculations. Enter your answer as a whole percent.) b. Estimate the WACC assuming a tax rate of 21% (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. Estimate 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 diversity into the manufacture of rose-colored glasses. The bota of optical manufacturers with no debt outstanding is 14. What is the required rate of return on Olofenakee's new venture? (You should assume that the risky project will not enable the firm to issue any additional debt) (Do not round Intermediate calculations. Enter your answer as a whole percent) a Required rate of return 2. WACC c. Discount rate d. Required rate of retum 9