Wiess Energy is an oil exploration firm in the Permian Basin. Weiss is a publicly held company, but it does not pay a dividend because it is a young, growing company. 1. Using the estimated risk-free rate and equity market risk premium of Damodaran, if Wiess has a beta of 1.5, what is its estimated cost of equity, according to the capital asset pricing model (CAPM)? 2. If Weiss has an expected free cash flow next year of 5 MUSD and a market value of 100 MUSD, and the CAPM is a good estimate of its cost of equity, what is the implied growth rate of free cash flow for Wiess? 3. If Wiess wished to pay a dividend, what would be an appropriate amount in total? 4. If the cost of debt for Wiess is 7 %, and Wiess would like to finance its future investments with 40 % retained earnings and 60 % debt, what is its weighted-average cost of capital (WACC) if the corporate income tax rate is 21 %?