Based on the below financial statements what would the calculations be using the below bullet points?

• A 7.5% percent annual coupon bond with 20 years to maturity, selling for 104 percent of par. The bonds make semiannual payments. What is the before tax cost of debt? If the tax rate is 40%, what is the after-tax cost of debt?
• The firm's beta is 1.2. The risk-free rate is 4.0% and the expected market return is 9%. What is the cost of equity using CAPM?

12/31/2018 12/31/2017 12/31/2016 12/31/2015 Current Assets Cash And Cash Equivalents 8,719,000 10,607,000 9,157,000 9,095,000 Short Term Investments 270,000 8,897,000 6,966,000 2,912,000 Net Receivables 7,140,000 7,021,000 6,693,000 6,436,000 Inventory 3,126,000 2,944,000 2,722,000 2,719,000 Other Current Assets 2,042,000 43,000 31,000 730,000 Total Current Assets 21,297,000 29,512,000 25,569,000 21,892,000 Long Term Investments 2,407,000 2,039,000 1,949,000 2,310,000 Property Plant and Equipment 17,587,000 17,237,000 16,590,000 16,316,000 Goodwill 14,806,000 14,741,000 14,429,000 14,176,000 Intangible Assets 15,823,000 13,835,000 13,432,000 13,080,000 Other Assets 5,122,000 910,000 635,000 749,000 Total Assets 77,042,000 78,274,000 72,604,000 68,523,000 Current Liabilities Accounts Payable 7,211,000 6,724,000 6,157,000 5,545,000 Short/Current Long Term Debt 3,951,000 4,017,000 4,400,000 3,108,000 Other Current Liabilities 6,601,000 4,112,000 3,870,000 3,882,000 Total Current Liabilities 17,763,000 14,853,000 14,427,000 12,535,000 Long Term Debt 28,293,000 33,793,000 30,052,000 29,591,000 Other Liabilities 12,611,000 14,522,000 11,102,000 10,466,000 Total Liabilities 58,667,000 63,168,000 55,581,000 52,592,000 Stockholders' Equity Total Stockholder Equity 18,375,000 15,106,000 17,023,000 15,931,000

12/31/2018 12/31/2017 12/31/2016 12/31/2015 Revenue Total Revenue 51,728,000 57,902,000 56,519,100 56,488,000 Cost of Revenue 23,502,000 25,340,000 25,399,800 25,283,000 Gross Profit 28,226,000 32,562,000 31,119,300 31,205,000 Operating Expenses Selling General and Administrative 19,184,000 20,706,000 21,225,600 20,736,000 Operating Income or Loss 9,042,000 11,856,000 9,893,700 10,469,000 Income from Continuing Operations Other Income/Expenses Net -1,148,000 -1,507,000 -1,508,400 -2,256,000 Interest Expense 1,220,000 1,288,000 1,207,800 853,000 Income Before Tax 6,674,000 9,061,000 7,177,500 7,360,000 Income Tax Expense 2,696,000 4,130,000 1,956,600 1,708,000 Net Income 3,978,000 4,931,000 5,220,900 5,652,000

Year 0 Year 1 Year 2 Year 3 Year 4 Project A -100,000 50,000 30,000 30,000 20,000 Project B -250,000 100,000 100,000 50,000 50,000 Project C -500,000 400,000 50,000 50,000 50,000