Based on the data for HP Inc. below, estimate following: the company's cost of equity Enter your answer in decimals, e.g. 4.45% as 0.0445 HPQ BALANCE SHEET Fiscal year ends in December. USD in millions 2019-12 Assets Liabilities and stockholders' equity Short-term debt 1,678 Total cash 4,537 Accounts payable 14,793 Receivables 8,939 Other current liabilities 10,450 Inventories 5,734 Other current assets 967 Total current assets 20,177 Net property, plant and equipment 12,794 Total current liabilities Long-term debt Other long-term liabilities Total non-current liabilities 26,921 4,780 4,587 9,367 Other long-term assets 10,496 Total liabilities 36,288 Total non-current assets 23,290 Total stockholders' equity 7,179 Total assets U.S.Treasurys 43,467 Total liabilities and stockholders' equity 43,467 Beta 0.97 Number of shares (millions) 1,515 COUPON (N) PRICE CHG YIELD (5) YIELD CHG Market risk premium 30-Year Bond 2 1/32 1.873 0.003 Income tax rate Price per share 10-Year Note 1.25 0/32 1.257 0.004 7-Year Note 1 0/32 1048 -0.008 5-Year Note 0.625 1/321 0.774 -0.010 HP Inc. 3.75% coupon bond with semiannual payments and maturity in 10 years is currently trading at 105.08 (percent of par value) 5.50% 23.00% 22.25 3-Year Note 0.375 0/32 0.436 0.011 2-Year Note 0.125 0/32 0.222 0.004 (smillions) Revenue 1-Year Bill 0 0/32 0.070 0.002 EBIT 6-Month Bill 0 0/32 0.052 0.002 Free cash flow 3-Month Bill 1-Month Bill 00 0/32 0.055 0.002 Net Income CapEx 0/32 0.042 0.005 Depreciation $ 58,756 $ 4,187 $ 1,983 $ 3,152 $ (671) $ 744