You are trying to estimate the cost of capital for WHUT Shipping, and have collected the following Information: -The firm has $ 750 million in Interest-bearing debt on its books, on which it pays $ 40million in annual Interest expenses. The weighted average maturity of the debt is Syears. -The bond rating for the firm is A., and the default spread over the T.Bond rate is.2% -There are 200 million shares outstanding, trading at $10 a share. -The unlevered beta for other shipping firms is 0.80. -The ten-year T.Bond rate is 5.2% and the market risk premium is 5.17% -The marginal tax rate is 40%. a. Estimate the market value of the Interest-bearing debt. (2 points) b. Estimate the cost of equity for the firm. (1 point) c. Estimate the cost of capital forthe firm. (2 point)