You are trying to estimate the cost of capital for XYZ Steel Corporation. The firm has provided you with the following information: There are 220 million shares outstanding, trading at $30 a share, The face value of the firm's debt is $2.5 billion, the interest expense in the most recent year was $150 million, and the debt will mature in 5 years. The firm is currently rated 'A, and the default spread for "A, rated bonds sl% a b. c. free rate -d. The yield to maturity on 5-year government bonds is 9%, the same as the as 15.5% The long term average return on the market portfolio (Rm) can be assumed e. he firm is in only one business, steel, and the unlevered beta for steel companies is .80. If the tax rate for the firm is 40% estimate the weighted average cost of capital for the firm