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A firm has a debt-to-equity ratio of 1.14. Its cost of debt is 6.3 percent. Its overall cost of capital is 14.2 percent. What is

A firm has a debt-to-equity ratio of 1.14. Its cost of debt is 6.3 percent. Its overall cost of capital is 14.2 percent. What is its cost of equity if there are no taxes?(Hint: use MMII )

A. 23.21%

B. 20.36%

C. 22.36%

D. 21.58%

E. 24.01%

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