Use the following information to answer the next two questions. You need to estimate the WACC (question #7) and the value of Laputa Aviation (question #8). You have the following forecasts for the free cash flows for the next 4 years (in million dollars). After year 4, the free cash flows are expected to grow at rate of 3% indefinitely. Laputa is financed 60% by equity and 40% by debt Its cost of equity is 15.5%, its debt yields 7.5%, and it pays corporate tax at 40%. What is Laputa's WACC?? Year Free cash flow= 2. $44,000 57,000 3 65,000 4 68,000 Choice