Anderson's Furniture Outlet has an unleveraged cost of capital of 10%, a tax rate of 34% and expected earnings before interest and taxes of $ 1,600. The company has $ 3,000 in bonds outstanding, with an 8% coupon rate and payments are made on an annual basis. Bonds are sold at face value. What is the cost of equity? Question 10 options: 10.46% 8.50% 12.35%