Copperhead Corporation is financed by a mix of debt and equity. In his most recent statement to shareholders, CEO of Copperhead stated that its market value of equity is $60 million, with 5 million of shares outstanding. Copperhead has 7 million of bonds issued, with a price of $15 per bond. The company enjoys free cash flows of $12 million every year in perpetuity, and does not have any tax obligations. All debt is risk-free and is rolled over every year, and the cost of debt is estimated to be 5%. Choose the wrong statement: O P/E ratio = 9.52 O Return on assets = 7.27% O Cost of equity = 11.25% O EPS = 1.35