1. Steady Company's stock has a beta of 0.22 . If the? risk-free rate is 5.9 % and the market risk premium is 6.9 %, what is an estimate of Steady Company's cost of equity Steady's cost of equity capital is
2. You are planning a new project that is to be entirely financed by issuing new debt. The project will require $ 19.32 million in financing and you estimate its NPV to be $ 15.938 million. The issue costs for the debt will be 2.7 % of face value. Taking into account the costs of external financing, what is the NPV of the project?