Question 6 (8 points) Grateway Ine has a target capital structure of 5 percent equity and 45 percent debt, with no preferred stock The company has sufficient retained earnings to fund the equity portion of its capital budget. The yield to maturity on the company's outstanding bonds is 8 percent, and it's tax rate is 30 percent. Grateway's CFO estimates that the company's weighted average cost of capital is 8,12 percent. What is the company's cost of equity? 8.22% 18.04% 10.18% 14.76% 0 4.52%