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Green Wave Inc. has $30M in debt, and $70M in equity (market values). You have estimated the firms cost of debt to be 4.50%, and

Green Wave Inc. has $30M in debt, and $70M in equity (market values). You have estimated the firms cost of debt to be 4.50%, and the cost of equity to be 12.67%. The tax rate is 30%. Using Model 2, what is Green Wave Inc.s unlevered cost of capital? Give the answer in percent to 2 decimal places (e.g., if the answer is 1.23%, give it as 1.23). No unlevered Beta.

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