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Ramos Land Management has a target debt-to-value ratio of .45. The pretax cost of debt is 7.4 percent, the assumed tax rate is 24

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Ramos Land Management has a target debt-to-value ratio of .45. The pretax cost of debt is 7.4 percent, the assumed tax rate is 24 percent, and the unlevered cost of equity 14.3 percent. What is the target cost of equity? Multiple Choice 18.59 percent 16.66 percent 17.18 percent 17.86 percent 20.71 percent

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