Dee's Toys has a target debt-total assets ratio of 27 %. Its WACC is 11.9 percent and the tax rate is 16 percent. What is the cost of equity if the after tax cost of debt is 2.5 percent? Show your answer to the nearest .1%. Do now use the % sign in your answer. Thus an answer of 10.1% would be shown at 10.1 rather than 10.1% or .101. Your Answer: ARAP