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4 pts equity? A local firm has a debt-to-value ratio of 0.45 and a pretax cost of debt of 7.0 percent. The firm's unlevered cost

4 pts equity? A local firm has a debt-to-value ratio of 0.45 and a pretax cost of debt of 7.0 percent. The firm's unlevered cost of equity is 13.0 percent while its tax rate is 21 percent. What is the target cost of O 16.64 percent O 17.91 percent O 16.88 percent O 14.40 percent

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