Solve the following problems (No need to show process, just results and answer to the question)

2) Maria Gonzalez, Ganado's Chief Financial Officer, estimates the risk-free rate to be 3.90%, the company's credit risk premium is 3.80%, the domestic beta is estimated at 1.11, the international beta is estimated at 0.95, and the company's capital structure is now 65% debt. The before-tax cost of debt estimated by observing the current yield on Ganado's outstanding bonds combined with bank debt is 8.30% and the company's effective tax rate is 42%. Calculate both the CAPM and ICAPM weighted average costs of capital for the following equity risk premium estimates.

a. 8.10%

b. 7.10%

c. 5.30%

d. 4.40%