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Suppose you borrow $13.787 41 when financing a gym valued at $34,823,88. Assume that the unlevered cost of the gym is 17.66% and that the

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Suppose you borrow $13.787 41 when financing a gym valued at $34,823,88. Assume that the unlevered cost of the gym is 17.66% and that the cost of debt is valued at 7.8%. What should be the cost of equity of your firm? NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05

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