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18. Jungle Inco, has a target debt-equity ratio of 0.32. Its WACC is 11.5 percent, and the tax rate is 34 percent. What is the

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18. Jungle Inco, has a target debt-equity ratio of 0.32. Its WACC is 11.5 percent, and the tax rate is 34 percent. What is the cost f equity if the after-tax cost of debt is 3.5 percent? (1 Point) 10.17 percent 12.41 percent 13.13 percent 15.82 percent None of the above

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