Please answer questions a and b on the attached document using the information given.

Consider the table given below to answer the first question (Shares and market values in millions.): Number of Shares Capitalization Callaway Golf (ELY) = Stock Price = 71.00 467 $ 6.58 $ Alaska Air Group (ALK) = $ 70.34 4,045 $ 57.50 Este Lauder (EL) = $ 65.70 $ 345.25 22,683 $ 67.72 $ 450.73 30,523 Market Yum! Brands (YUM) = General Electric (GE) = 10,398.00 $ 247,160 $ 23.77 a. The price of Este Lauder stock has risen to $80. What is the market value of the firm's equity? (Enter your answer in billions rounded to 3 decimal places.) b. The rating agency has revised Catalytic Concept's bond rating to AA (Use Table_2.2). What interest rate, approximately, would the company now need to pay on its bonds? (Enter your answer as a percent rounded to 2 decimal places.)