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Question 6 5 pts A company currently has no debt. Its cost of equity is 8.7% and its tax rate is 30%. It is considering
Question 6 5 pts A company currently has no debt. Its cost of equity is 8.7% and its tax rate is 30%. It is considering restructuring to and maintaining a D/E ratio of 0.24. The firm's cost of debt, Rd, is estimated at 4.6% in that case. The cost of equity, RE, under the new capital structure is %. Do NOT round intermediate work. Round your final answer to 2 decimal places ex: if your answer is .123456 or 12.3456%, enter 12.35). Margin of error for correct responses: +/-.10
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