e.7.0 percent Phil's Carvings, Inc. wants to have a weighted average cost of capital of 9 percent. The firm has an after-tax cost of debt of 5 percent and a cost of equity of 11 percent.What debt-equity ratio is needed for the firm to achieve their targeted weighted average cost of capital? 14. b. 40 .50 .6T .60 Use the following information for 15-21 Given the following information for Huntington Power Co. Debt: 4,000 bonds outstanding, 7% coupon. Si000 par value, 20 years to maturity, selling for 103% of par; the bonds make semiannual payments Common stock: 90,000 shares outstanding, selling for $57 per share; the beta is 1.10. Preferred stock: 13,000 shares of 6% preferred stock outstanding, selling for $104 per Market: 8% market risk premium and 6% risk-free rate Tax rate: 35%. share. 15. What is Huntington Power's cost of debt? 3.36 percent 5.77 percent 6.72 percent 7.00 percent 8.00 percent c. e