What is Despondus Corporation's after-tax cost of equity?

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Use the following information to answer the next five questions: Consider the after-tax cash flows below from a project that is being considered by Despondus Corporation. Since the project is an extension of the firm's current business, it carries the same risk as the overall firm. Year 0 1 2 3 4 5 Cash Flow -$452,000 $86,000 $67,000 $110,000 $93,000 $98,000 Despondus Corporation's common stock is currently priced at $46.77, and there are 753,000,000 shares outstanding. A dividend of $3.01 per share was just paid, and dividends are expected to grow at a constant rate of 6.69% per year. The company has 6,990,000 bonds outstanding that mature in 29 years and are currently priced at $949 per bond. The coupon rate is 12.21%, and the bonds make semiannual interest payments. The company's tax rate is 31%