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A firm is 75.00% equity. It has a cost of equity of 18.00%, a pre-tax cost of debt of 8.00%, and a marginal tax rate

A firm is 75.00% equity. It has a cost of equity of 18.00%, a pre-tax cost of debt of 8.00%, and a marginal tax rate of 25.00%. What is the firm's after-tax cost of equity? Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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