The Following Data Pertain to Loren Corporation (Dollar Amounts in Thousands)

The following data pertain to Loren Corporation (dollar amounts in thousands):
$\begin{array}{lc}\text { Total Assets } & \$ 10,254 \\\text { Interest-Bearing Debt } & \$ 1,257 \\\text { Average Pre-tax borrowing cost } & 9.20 \% \\\text { Common Equity: } & \\\text { Book Value } & \$ 5,624 \\\text { Market Value } & \$ 21,479 \\\text { Income Tax Rate } & 32 \% \\\text { Market Equity Beta } & 1.56 \\\text { Riskless interest rate } & 3.8 \% \\\text { Market risk premium } & 6.5 \%\end{array}$
Using this information, calculate the following:
a. Loren Corporation's cost of equity capital
b. The weight on debt capital that should be used to calculate Loren's weightech-average cost of capital.
c. Loren Corporation'sweighted-average cost of capital