Problem 13-4 WACC (LO1) The common stock of Bulldwell Conservation & Construction Inc. (BCC) has a beta of 0.9 The Treasury bill rate is 4%, and the market nisk premium is estimated at 8% BCCI's capital structure is 33% debt, paying an interest rate of 8%, and 67% equity. The debt sells at par, Bulldwell pays tax at 21%. o. What is BCCI's cost of equity capital? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. What is its WACC? (Do not round Intermediate calculations. Eher your answer as a percent rounded to 2 decimal places) c. It BCCHS 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 nisk as the current firm? a. Cost of equity capital b. WACC Accept the project