Question: Last person was wrong, please be right! Dickson, Incorporated, has a debt-equity ratio of 2.1. The firm's weighted average cost of capital is 12 percent

 Last person was wrong, please be right! Dickson, Incorporated, has aLast person was wrong, please be right!

Dickson, Incorporated, has a debt-equity ratio of 2.1. The firm's weighted average cost of capital is 12 percent and its pretax cost of debt is 9 percent. The tax rate is 24 percent. a. What is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What is the company's unlevered cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What would the company's weighted average cost of capital be if the company's debtequity ratio were .60 and 1.10 ? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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