please solve the ex 8 in the photo!

information from ex 7 (the ex before some data will be used in this ex)

rf=3.9%. (risk free)

be= 0.88

rp=4.9%. (risk premium)

8. Consider the setting of Problem 7. You decided to look for other comparables to reduce estimation error in your cost of capital estimate. You find a second firm, Thurbinar Design, which is also engaged in a similar line of business. Thurbinar has a stock price of $16 per share, with 16 million shares outstanding. It also has $110 million in outstanding debt, with a yield on the debt of 4.1%. Thurbinar's equity beta is 1.00. Assume Thurbinar's debt has a beta of zero. Estimate Thurbinar's unlevered beta. Use the unlevered beta and the CAPM to estimate Thurbinar's unlevered cost of capital. b. Estimate Thurbinar's equity cost of capital using the CAPM. Then assume its debt cost of capital equals its yield, and using these results, estimate Thurbinar's unlevered cost of capital Explain the difference between your estimate in part (a) and part (b). a c. 8. Consider the setting of Problem 7. You decided to look for other comparables to reduce estimation error in your cost of capital estimate. You find a second firm, Thurbinar Design, which is also engaged in a similar line of business. Thurbinar has a stock price of $16 per share, with 16 million shares outstanding. It also has $110 million in outstanding debt, with a yield on the debt of 4.1%. Thurbinar's equity beta is 1.00. Assume Thurbinar's debt has a beta of zero. Estimate Thurbinar's unlevered beta. Use the unlevered beta and the CAPM to estimate Thurbinar's unlevered cost of capital. b. Estimate Thurbinar's equity cost of capital using the CAPM. Then assume its debt cost of capital equals its yield, and using these results, estimate Thurbinar's unlevered cost of capital Explain the difference between your estimate in part (a) and part (b). a c