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Cade's Furnishings has a debt-equity ratio of 0.97 and a tax rate of 21 percent. What is the company's overall required rate of return? Required

Cade's Furnishings has a debt-equity ratio of 0.97 and a tax rate of 21 percent. What is the company's overall required rate of return? Required return on debt is 13.18%. Return on equity is 11%.

The answer is 10.71

Would you please walk me through the steps so that I can reproduce this question in excel, please? I'm trying to understand why I got it wrong before I get a new set of questions.

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