The NOI Approach. Assume the same data as given in Problem 11.6. (a) Using the NOI approach and an overall cost of capital of 10 percent, compute the total value, the stock market value of the firm,...

The NOI Approach. Assume the same data as given in Problem 11.6. (a) Using the NOI approach and an overall cost of capital of 10 percent, compute the total value, the stock market value of the firm, and the cost of equity. (b) Determine the answers to (a) if the company decided to retire $1 million of common stock, replacing it with 9 percent long-term debt.