You are analyzing Tiffany Corp an upscale retailer. You are analyzing Tiffany Corp an upscale retailer. Standard error of beta estimate is 0.50. The average unlevered beta of comparable specialty retailing firms is 1.15. The average unlevered beta of comparable specialty retailing firms is 1.15. The average unlevered beta of comparable specialty retailing firms is 1.15.a) The average unlevered beta of comparable specialty retailing firms is 1.15.b) Estimate a range for the beta from the regression. Tiffany is rated BBB. The Default Spread for BBB-rated firms is 1% over Treasury Bond rate. Treasury Bond rate is 6.5%. Assume an Equity Risk Premium of 5.5%.c) Estimate the Cost of Capital of the firm.