Problem 9 You are given the following information about a firm and the equity-debt structure of this firm: i) The amount of long-term outstanding debt is 150,000. ii) The debt is risk-free and is financed at an interest rate of 7%. iii) Number of shares of common stock is 40,000. iv) The price per share is 15. v) The stock's beta is 1.2. vi) The expected market return is 14%. Calculate the firm's before-tax cost of capital