Unida Systems has 38 million shares outstanding trading for $11 per share. In addition, Unida has $110 million in outstanding debt. Suppose Unida's equity cost of capital is 18%, its debt cost of capital is 9%, and the corporate tax rate is 39%.
a. What is Unida's unlevered cost of capital?
b. What is Unida's after-tax debt cost of capital?
c. What is Unida's weighted average cost of capital?
Round to one decimal space.