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Jemisen's unlevered value of the firm is $29,228. Its unlevered cost of capital is 14 percent and its tax rate is 21 percent. The firm

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Jemisen's unlevered value of the firm is $29,228. Its unlevered cost of capital is 14 percent and its tax rate is 21 percent. The firm plans to issue debt of $2,500 at par value. This debt has a 9 percent coupon and pays interest annually. What will the cost of equity be in the levered firm? VL - $ (no comma for thousand unit) Ve = $ (no comma for thousand unit) RE = % (keep two decimals)

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