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Percy Motors has a target capital structure of 42.00% debt and 58.00% common equity, with no preferred stock. The yield to maturity on the company's

Percy Motors has a target capital structure of 42.00% debt and 58.00% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 6.00%, and its tax rate is 42.50%. Percy's CFO estimates that the company's WACC is 10.0490%. What is Percy's cost of common equity? 17.7600% 11.3440% 8.7000% 13.1534% 15.0000%

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