There is a public company called Fleetwood traded on the ASX. The company has a WACC of 10%, a debt-equity ratio of 1, and an after-tax cost of debt of 5%. What is Fleetwoods cost of equity?

Group of answer choices

(a) 5%

(b) 12%

(c) 20%

(d) 10%

(e) 15%