Intro Munich Re Inc. is expected to pay a dividend of $4.82 in one year, which is expected to grow by 4% a year forever. The stock currently sells for $64 a share. The before-tax cost of debt is 9% and the tax rate is 34%. The target capital structure consists of 30% debt and 70% equity. Part 1 What is the company's weighted average cost of capital? 3+ decimals Submit BAttempt 2/10 for 1 pts. Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $36.3 and its beta is 1.4. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Part 1 What is the best guess for the cost of equity? 3+ decimals Submit B Attempt 1/10 for 1 pts