Use the following information to answer the question(s) below. Division of Wyatt Oil Asset Beta Next Period's Expected Free Cash Flow ($mm) 1.4 1.1 0.8 Oil Exploration Oil Refining Gas & Convenience Stores The risk-free rate of interest is 3% and the market risk premium is 5%. Expected Growth Rate 450 525 516 4.0% 2.5% 2% The value of the gas and convenience store division (in $ millions) is closest to: Luther Industries has 24 million shares outstanding trading at $18 per share. In addition, Luther has $149 million in outstanding debt. Suppose Luther's equity cost of capital is 13%, its debt cost of capital is 7%, and the corporate tax rate is 21%. Luther's weighted average cost of capital is closest to (%) (2 decimal places):