CCC Company ha nine million hare of common tock outtanding and 150,000 7. 5 percent emi-annual bond outtanding. The firm’ common tock i currently elling at a price of 37 dollar per hare. CCC ha an equity beta of 1. 25. A for debt, the firm’ outtanding bond are quoted at 95 percent of par value and have 16 year to maturity. The par value on each bond i 1,000 dollar. Market rik premium i 8 percent. T-bill are offering a yield of four percent.