You are given the following information about the company X Equity cost of capital 6.34% Debt cost of capital 1.15% Market Capitalization $33 billion Outstanding Debt $19 billion Company X does not hold cash. You are also given that the risk-free rate is 4%, and the market portfolio has an expected return of 11% and a variance of 20%. Determine the covariance between X's assets and the market portfolio