Question: 21. Below is selected data about Power Devices, Inc. and relevant market information (12 points) Beta of common stock 1.25 Treasury bond rate 2% Required

21. Below is selected data about Power Devices, Inc. and relevant

21. Below is selected data about Power Devices, Inc. and relevant market information (12 points) Beta of common stock 1.25 Treasury bond rate 2% Required return on market portfolio (Rm) 8% Yield to maturity on long-term debt 6.0% Book value of equity $400 million Market value of equity $750 million Long-term debt outstanding $500 million Corporate tax rate 25% a. What is the company's cost of equity? b. What is its cost of debt? c. What is the company's Weighted Average Cost of Capital

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