how did he get 7.5 ?

5. The company FOST, initially without debt and dedicated to developing software applications, decides to issue debt in order to raise capital to develop a new application that is similar to those developed in the past by the company. This firm is listed and the following data is known. Its market capitalization before the issue was 78.2 million, the debt issued is in a very long term and with a face value of 24 million, offering a coupon of 2%. This issued debt-rating has a bond which results in a spread of 3% in the time of issuance, the long bond in USA yielded 5% and the market risk premium was 6%. Find the new financial leverage of the company after the issuance (debt / value of shares), assuming that the corporate rate is 30% and that the capital raised by debt is not returned to shareholders, but it gives a tax benefit. a) 5,6 b) 8,2 c) 7,5 d) 6,6 5. The company FOST, initially without debt and dedicated to developing software applications, decides to issue debt in order to raise capital to develop a new application that is similar to those developed in the past by the company. This firm is listed and the following data is known. Its market capitalization before the issue was 78.2 million, the debt issued is in a very long term and with a face value of 24 million, offering a coupon of 2%. This issued debt-rating has a bond which results in a spread of 3% in the time of issuance, the long bond in USA yielded 5% and the market risk premium was 6%. Find the new financial leverage of the company after the issuance (debt / value of shares), assuming that the corporate rate is 30% and that the capital raised by debt is not returned to shareholders, but it gives a tax benefit. a) 5,6 b) 8,2 c) 7,5 d) 6,6