Question: Chapter 9 Homework i 4 1 points eBook Ask Print Saved A company is 31% financed by risk-free debt. The interest rate is 9%,

Chapter 9 Homework i 4 1 points eBook Ask Print Saved A company is 31% financed by risk-free debt. The interest rate is 9%, the expected market risk premium is 7%, and the beta of the company's common stock is 0.68. What is the company cost of capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Company cost of capital % References 13

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