Question: 8. In June 2009, Apple Computer had no debt, total equity capitalization of $128 billion, and an equity beta of 1.7 (as reported on Google

 8. In June 2009, Apple Computer had no debt, total equity

8. In June 2009, Apple Computer had no debt, total equity capitalization of $128 billion, and an equity beta of 1.7 (as reported on Google Finance). Included in Apple's assets was $25 billion in cash and risk-free securities. Assume that the risk-free rate of interest is 5% and the marke risk premium is 4%. a. What was Apple's enterprise value? b. What was the beta of Apple's business assets? c. What was Apple's WACC

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