Westwood Furniture has an outstanding debt with a face value of $6,500, which has annual coupon rate of 8%. The market value of this debt is the same as its face value. Westwoods expected EBIT is $1,400, its unlevered cost of capital is 14% and its tax rate is 35%. What is the cost of equity for Westwood furniture? A. 23.60% B. 18.57% C. 25.14% D. 17.90% E. 22.41%