Westside Enterprises is an all-equity firm with two divisions. The soft drink division has an asset beta of 0.55 and a market value of $1,969.70. The industrial chemicals division has an asset beta of 1.04, and a market value of $801.10. a. Given a market risk premium of 6% and a risk-free rate of 3%, calculate the cost of capital for (i) the soft drink division and (ii) the chemicals division. b. Estimate Westside's equity beta. [HINT: In a firm with no debt, the equity beta will be the same as the asset beta. Recall that the asset beta is the beta of the enterprise (i.e., the beta of the mix of current assets, current liabilities, and long-term ssets).] c. Now estimate the currently-prevailing cost of capital for Westside as an overall entity. a(i). The cost of capital for the soft drink division is %. (Round to two decimal places.) a(ii). The cost of capital for the industrial chemicals division is %. (Round to two decimal places.) b. Westside's equity beta is . (Round to two decimal places.) c. Westside's current cost of capital is \%. (Round to two decimal places.)