what is the cost of equity for this project

You are a manager for Oaksword.Inc, a publishing company. You are trying to calculate a discount rate to apply to a new project. The project involves selling a new type of electronic book on the internet. The value of debt is $50,000.000, the book value of equity is $30,000,000, and the market capitalization is $100,000,000. Assuming the cost of equity for the company and for this project is 1.2 and 1.8, respectively. The corporate tax rate is 21%. The three-month treasury-bill rate is 2%. The rate of return on the market portfolio is 10.2%. The firm's bonds are rated BBB-grade. The yield spread, i.e., the difference between the yield to maturity of a bond and the risk free rate for an average BBB firm is 3.5%. What is the debt to total assets ratio of the company? Edit View Insert Format Tools Table 12pt Paragraph BIU A ev T