$16 per share With 14 million shares. also has 114 million in outstanding debt. yield on the debt of 3.8%. equity beta is 1. risk free rate is 5%. portfolio is 13%

Your firm is planning to invest in an automated packaging plant. You find a comparable firm, Thurbinar Design, which is engaged in a similar line of business. Thurbinar has a stock price of $16 per share, with 14 million shares outstanding. It also has 114 million in outstanding debt, with a yield on the debt of 3.8%. Thurbinar's equity beta is 1. The risk-free rate is 5%, and the expected return on the market portfolio is 13%. Thurbinar's unlevered cost of capital is _______%.

(Please write percentage as a number with two decimal places, no "%" sign. e.g. write "12.34%" as "12.34")

Youtro polvestan tomated packaginnt. You find a comparableform Thurbines which cated in a similare of business. Thurnar hattock price of 5 per there with on the outstanding on outstanding debt with a yield on the debt of Thurbanitybes. There and the expecteren in the market portfolio Turhanked.cout of capital mercumber with two de DC 12