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Following three problems Estimated growth rate 0 % Revenue $ 5 6 0 , 0 0 0 Operational Profit $ 2 5 0 , 0

Following three problems
Estimated growth rate 0%
Revenue $560,000
Operational Profit $250,000
Net Income $165,000
Debt $400,000
Borrowing cost 6%
Cost of Equity (unlevered)15%
Tax 25%
In the world of MM II theory, what is the cost of equity?
Group of answer choices
11.73%
17.57%
18.86%
19.50%
Please show how to solve in excel.

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