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27. Bruce & Co. expects its EBIT to be $165,000 every year forever. The company currently has no debt but can W.V. Trees has a
27. Bruce & Co. expects its EBIT to be $165,000 every year forever. The company currently has no debt but can W.V. Trees has a debt-equity ratio of .64, a WACC of 10.8 percent, a pretax cost of debt of 7.9 percent, and a tax rate of 24 percent. What is the unlevered cost of equity capital? 11.92 percent 12.97 percent 13.08 percent 13.13 percent 13.45 percent
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