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Question 3 (1 point) Percy Motors has a target capital structure of 54.00% debt and 46.00% common equity, with no preferred stock. The yield to

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Question 3 (1 point) Percy Motors has a target capital structure of 54.00% debt and 46.00% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 12.00%, and its tax rate is 57.50%. Percy's CFO estimates that the company's WACC is 12.4140%. What is Percy's cost of common equity? 12.9000% 25.2000% 21.0000% 16.8000% 9.6600%

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