The following table presents information for Golden Fleece Financial. Long-term debt outstanding Current yield to maturity on debt Number of shares of common stock Price per share Book value per share Expected rate of return stock Cost of capital $ 450,000 % 8.00% 17,500 $ 65 Calculate the company cost of capital. Note: Ignore taxes. Do not round intermediate calculations. Enter your answer as a percent rounde $40 15.00% K

The following table presents information for Golden Fleece Financial. Calculate the company cost of capital. Note: Ignore taxes. Do not round intermediate calculations. Enter your answer as a percent round