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A local repair shop is expanding and trying to determine if it should issue stock...

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Finance

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A local repair shop is expanding and trying to determine if it should issue stock or debt. The firm's tax rate is expected to be 0.221 . The treasury bond used to proxy the risk-free rate is at 0.053 rate. The S\&P 500 Index has a return of 0.124 over the same period. What is the shop's cost of equity if it target's a 50% debt and 50% equity capital structure?: Use the information from the table below: Post your answer to 1 decimal place as a percentage. 15.2 for example

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