Unlevered Cost of Equity Elliott's Cross Country Transportation Services has a capital structure with 25% debt at

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Unlevered Cost of Equity

Elliott's Cross Country Transportation Services has a capital structure with 25% debt at a 7% interest rate. Its beta is 1.5, the risk-free rate is 2%, and the market risk premium is 9%. Elliott's combined federal-plus-state tax rate is 25%.

What is its unlevered cost of equity? Do not round intermediate calculations. Round your answer to two decimal places.

_______%

Posted Date: May 21, 2024 02:13 AM

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Unlevered Cost of Equity Elliott's Cross Country Transportation Services has a capital structure with 25% debt at

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