Determine the cost of capital for Flash Memory appropriate for the IPO in the WACC tab. Assume that the projected capital structure has a target 18% debt to capital ratio. In your template, additional information has been added to Exhibit 4 competitive information. Use this info to estimate a beta for Flash Memory. For these comps the cash holdings are not significant, so use book value of debt rather than net debt. (You can verify if you'd like that the difference is minimal).