You are trying to estimate the cost of capital for XYZ Steel Corporation. The firm has provided you with the following information: Sea. There are 220 million shares outstanding, trading at $30 a share. T b. he face v year was S150 million, and the debt will mature in 5 years. The firmn is currently rated A, and the default spread for' A' rated bonds alue of the firm's debt is $2.5 billion, the interest expense in the most recent c. 1% free rate -d. The yield to maturity on 5-year government bonds is 9%, the same as the (Rr). The long term average return on the market portfolio (R ) can be assumed as 155% The firm is in only one business, steel, and the unlevered beta for steel companies is .8 e. f. e firm. If the tax rate for the firm is 40%, estimate the weighted average cost of capital for th