Question

Kose, Inc., has a target debt-equity ratio of 0.76. Its WACC is11 percent, and the tax rate is 33 percent.

Requirement:

1. If Koses cost of equity is 15 percent, what is its pretax cost of debt? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g., 32.16))

2. If instead you know that the after-tax cost of debt is 5.9 percent, what is the cost of equity? (Do not include the percent sign (%). Round your answer to 2 decimal places. (e.g.,32.16))

please do not copy from Chegg. Otherwise i have to report the answer.