B. $907,679 C. $941,429 D. $1,184,929 E. $1,396,429 QUESTION 14 The Backwoods Lumber Co. has a debt-equity ratio of .80. The firm's required return on assets is 12% and its cost of equity is 15.68%. What is the pre-tax cost of debt based on MM Proposition II with no taxes? A. 6.7696 B. 7.0096 C. 7.2596 D. 7.4096 E. 7.5096 Save Al Answer Click Save and Submit to save and submit. Click Save All Answers to save all answers