Debbie's Cookies has a return on assets of 12.6 percent and a cost of equity of 14.8 percent.What is the pretax cost of debt if the debt-equity ratio is .38? Ignore taxes.
A)5.87 percent
B)95.29 percent
C)9.04 percent
D)7.31 percent
E)6.81 percent

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The Answer of Debbie's Cookies has a return on assets of 12.6 percent and a cost of equity of 14.8 percent.What is the pretax cost of debt if the debt-equity ratio is .38? Ignore taxes.
A)5.87 percent
B)95.29 percent
C)9.04 percent
D)7.31 percent
E)6.81 percent

Debbie's Cookies Has a Return on Assets of 12