Vector, Inc. has debt with both a face and a market value of $6,300,000. This debt has a coupon rate of 6.5 percent and pays interest annually. The expected earnings before interest and taxes are $2,430,000, the tax rate is 25 percent, and the unlevered cost of capital is 9.88 percent. What is the firm's cost of equity? 10.82% 9.34% 10.23% 9.75% 11.04%