The market value of Firm L's debt is $200,000 and its yield is 9%. The firm's equity has a market value of $300,000, its earnings are growing at a rate of 5%, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with growth, what is Firm L's cost of equity?

Most simple requests can be handled by explaining

A) what you want to know or want the reader to do. B) who is making the request. C) why the request is critical. D) who the reader should seek help from to fulfill the request. E) the potential outcome if the request is denied.

Demographic factors are the most popular bases for segmenting customer groups

Indicate whether the statement is true or false