Homework Exam 3 Review Assignment Score: 32.05% Assignment: Homework Exam 3 Review Save Submit Assignment for Grading Question 8 of 13 Questions Problem 10.03 (Cost of Common Equity) Check My Work (3 remaining) 6. 7 8. 9. eBook Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 8%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 11.80%. What Is Pearson's cost of common equity? Do not round intermediate calculations. Round your answer to two decimal places, % 10. 11 12 13 . Etory