Kaylani Transport has $31,000 worth of perpetual debt with a…
Kaylani Transport has $31,000 worth of perpetual debt with an interest rate of 8.9 percent. The corporation’s expected EBIT are $7,400 in perpetuity and their tax rate is 21 percent. If their unlevered cost of capital is 15.5 percent, what is their cost of equity?
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