1. A company has a market cap of $29,909. The same company borrows $12,239 at a 9% interest rate. If the company has a unlevered cost of equity of 19%, what is the cost of the levered equity?

2. A company has an investment opportunity that will generate $21,550 in Free Cash Flow after one year. The initial cost of the investment is $16,268. If the company raises $5,726 in debt at a 9% interest rate what is the return on the levered equity in percentages?