Question 1 of 5 Problem 22-01 (Unlevered Cost of Equity) Check My Work (1 remaining) eBook Problem Walk-Through Unlevered Cost of Equity Elliott's Cross Country Transportation Services has a capital structure with 30% debt at a 9% interest rate. Its beta is 1.8, the risk-free rate is 4%, and the market risk premium is 8%. Elliott's combined federal- plus-state tax rate is 25%. a. What is Elliott's cost of equity? Do not round intermediate calculations. Round your answer to two decimal places. 18.4 % b. What is its weighted average cost of capital? Do not round intermediate calculations. Round your answer to two decimal places. 14.77 % c. What is its unlevered cost of equity? Do not round intermediate calculations. Round your answer to two decimal places. 15.58 % B