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You are given the following information for Golden Fleece Financial: Long tore debt outstanding Current yield to maturity (debt) Number of shares of common stock:

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You are given the following information for Golden Fleece Financial: Long tore debt outstanding Current yield to maturity (debt) Number of shares of common stock: Price per share Book value per share Expected rate of return on stock (requity) $400,000 BX 15,000 $ 50.00 $ 35 15% Calculate Golden Fleece's company cost of capital. Ignore taxes. (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Cost of capital

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