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A firm has a cost of equity of 1 8 % and a pretax cost of debt of 9 % . The debt - equity

A firm has a cost of equity of 18% and a pretax cost of debt of 9%. The debt-equity ratio is 0.40 and the tax rate is 21%.
What is the firm's unlevered cost of capital expressed as a percentage? (Please, do not round your intermediate calculations; rou necessary, your final answer, expressed as a percentage, to two decimal places without the % symbol. Example, if your final answer ca or xY, or x+Y, or x-Y, is 0.124556, enter it as 12.46)
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