Please provide step by step on these problems.
1) WACC and Beta (ß) Hint: Use the WACC formula to determine cost of equity. What is XYZ's Company's ß given the following?
XYZ's WACC is 11%, XYZ's Capital Structure is 60% Debt and 40% Equity, Total Cost of Debt is 10%, Tax Rate is 20%. RFR = 3%, MRP (market risk premium) = 6%.