Question: Question 17 (Mandatory) (2 points) Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations. The firm has a

Question 17 (Mandatory) (2 points) Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 16% and a pretax cost of debt of 8.4%. The debt-equity ratio is 65 and the tax rate is 30%. What is the cost of capital for this project? A) 12.01% B) 11.08% OC) 11.68% D) 11.41% E) 10.29%

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