You have been asked to value the chemical division of a multi business conglomerate and have been provided with the cash flows for the division What discount rate would you use to discount this cash flow? Yeart Year 2 Year 3 Earnings before interest and taxes (1-1) $100 $105 $110 Reinvestment in chemical business = $20 $22 $25 $83 Cash flow $85 $80 Select one: a. The cost of equity of the company b. The cost of capital of the company c. The cost of equity for the chemical business d. None of the above e. The cost of capital for the chemical business