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A local firm has an unlevered cost of equity of 15.50 percent while its pretax cost of debt is 8.0 percent. The firm's debt-to-value ratio

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A local firm has an unlevered cost of equity of 15.50 percent while its pretax cost of debt is 8.0 percent. The firm's debt-to-value ratio of 0.60 while its tax rate is 21 percent. What is the target cost of equity? 24.39 percent O 30.75 percent O 25.87 percent 0 26.75 percent

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