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Homework: M5: Chapter 31 Homework Save Score: 0 of 1 pt 8 of 9 (0 complete) D HW Score: 0%, 0 of 9 pts P31-6 (similar to) Question Help Maryland Light, a U.S. light manufacturer, is considering an investment in Japan. The dollar cost of equity for Maryland is 11.03%. You are in the corporate treasury department, and you need to know the comparable cost of equity in Japanese yen for a project with free cash flows that are uncorrelated with spot exchange rates. The risk-free interest rates on dollars and yen are Is = 4.82% and ly = 0.87%, respectively. Maryland is willing to as capital markets are internationally integrated. What is the yen cost of equity? The yen cost of equity is %. (Round to two decimal places.)