Ramsey Company hired your consulting firm to help them estimate the cost of equity of a private company. The current risk free rate is 1.7% and the yield on the firm's bonds is 5.75%. Your firm's economists believe that the cost of equity can be estimated using a risk premium of 3.85% over a firm's own cost of debt. What is an estimate of the firm's cost of equity from retained earnings? Group of answer choices 9.60% 11.30% 14.50% 12.60%