Gangram Corp is a South Korea-based music entertainment company, but is interested in launching a new line of clothes and sunglasses under the brand name PSY in hopes of becoming an intemational phenomenon. They have sarveyed the clothing industry and have identified Style inc, as the closest purepolay firm for the proposed psy ituition. percent and the markst risk premium is 3.8 percent. What cost of equity should Ganknam Corp use for its P5Y apparel division? Assume taxess are 35% and that Ganpuam Corp will raintain its curtent cipital structure for its new apparel division