* Your answer is incorrect, Sandhill Resources Company has a WACC of 13.7 percent, and it is subject to a 40 percent marginal tax rate. Sandhill has $320 million of debt outstanding at an interest rate of 10 percent and $700 million of equity (at market value) outstanding. What is the expected return on the equity with this capital structure? (Round answer to 2 decimal places, eg. 17.54%) Expected return on equity 37.66%6