Question 3 Jungle, Inc. has a target debt-equity ratio of 0.80. Its WACC is 10.5 percent, and the tax rate is 35 percent. If Jungle's cost of equity is 15 percent, what is its pretax cost of debt? Select the range that includes the correct solution. Less than 5% Greater than or equal to 5%, but less than 6% Greater than or equal to 6%, but less than 7% Greater than or equal to 7%, but less than 8% Greater than or equal to 8%