unney Industries is financing a project with $60\%$ debt and $40\%$ equity. The tax rate is $40\%.$ It has a year, $9\%$ coupon, annual payment noncallable bonds that sell for $$1,150.$ If the WACC is $12\%,$ what is cost of equity? a$.23\mathrm{.}82\%22\mathrm{.}4\%$ c$.17\mathrm{.}82\%$ d$.18\mathrm{.}26\%$ e$.27\mathrm{.}78\%$