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Please show work You are given the following information for Golden Fleece Financial: Long-term debt outstanding: $480, 000 Current yield to maturity (debt) : Number

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You are given the following information for Golden Fleece Financial: Long-term debt outstanding: $480, 000 Current yield to maturity ("debt) : Number of shares of common stock: 19,000 Price per share: 50.80 Book value per share: 32 Expected rate of return on stock (Fequity) : 14% Calculate Golden Fleece's company cost of capital. Ignore taxes. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of capital %

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