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Hover Corp. has a debt-equity ratio of 1.4. Its unlevered cost of equity is 12.15 percent and its pretax cost of debt is 7.5 percent.

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Hover Corp. has a debt-equity ratio of 1.4. Its unlevered cost of equity is 12.15 percent and its pretax cost of debt is 7.5 percent. The corporate tax rate is 21 percent. What is the company's levered cost of equity? Multiple Choice 20.97% O O 19.03% O 17.29% 13.52% O O 18.66%

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