Weston Enterprises is an all-equity firm with two divisions. The soft drink division has an assot bota of 0.55, expects to generate free cash flow of 543 million this year, and anticipates a 4% perpetual growth rate. The industrial chemicals division has an asset beta of 1.18, expects to generate free cash flow of $76 million this year, and anticipates a 3% perpetual growth rate. Suppose the risk-free rate is 3% and the market risk premium is 4% a. Estimate the value of each division b. Estimate Weston's current equity beta c. Estimate Woston's current cost of capital is this cost of capital useful for valuing Weston's projects? How is Weston's equity bota kely to change over time? a. Estimate the value of each division The cost of capital for the soft drink division is %. (Round to two decimal places)