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You are asked to calculate the cost of capital of AAPL applying the Bloomberg approach based on the below information. AAPL's key items (4Q 2020)

You are asked to calculate the cost of capital of AAPL applying the Bloomberg approach based on the below information.

AAPL's key items (4Q 2020) (US $ MM)
Market Value 192,269
Short term debt 6,692
Long term debt 37,879
Preferred equity 0
Effective Tax Rate 24%
Debt Adjustment 1.33
Raw Beta 0.815
Risk Free Rate 0.87%
Expected Market Return 6.70%
Country Risk Premium 7.64%

1. The cost of debt is______ %. (Round to the nearest hundredth.)

2. The cost of equity is_____ %. (Round to the nearest hundredth.)

3. The cost of capital (i.e., WACC) is _____% (Round to the nearest hundredth.)

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