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2 . North Bay Crypto Miners has an unlevered cost of capital of 1 3 . 0 0 % , a tax rate of 3

2.North Bay Crypto Miners has an unlevered cost of capital of 13.00%, a tax rate of 35.00%, and expected earnings before interest and taxes of $6,560.00. The company has $13,500.00 in bonds outstanding that have a 6.00% coupon and pay interest annually. The bonds are selling at par value. What is the cost of equity?
a)14.66% b)14.47%c)16.18%d)15.56% e)15.27%

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