If instead you know that the aftertax cost of debt is 38, Financial Management

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If instead you know that the aftertax cost of debt is 38

Fyre, Inc., has a target debt−equity ratio of 1.35. Its WACC is 8.3 percent, and the tax rate is 35 percent.

If instead you know that the aftertax cost of debt is 3.8 percent, what is the cost of equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Cost of equity %

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Financial Management: If instead you know that the aftertax cost of debt is 38

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Financial Management: If instead you know that the aftertax cost of debt is 38

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