Use the following information to answer the question(s)below.
Galt Industries is expected to generate free cash flows of $24 million per year.Galt has permanent debt of $80 million,a corporate tax rate of 21%,and an unlevered cost of capital of 12% and its cost of debt capital is 6%.
-If Galt's debt cost of capital is 6%,then Galt's equity cost of capital is closest to:
A)11.2%.
B)12.0%.
C)14.8%.
D)15.5%.

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The Answer of Use the following information to answer the question(s)below.
Galt Industries is expected to generate free cash flows of $24 million per year.Galt has permanent debt of $80 million,a corporate tax rate of 21%,and an unlevered cost of capital of 12% and its cost of debt capital is 6%.
-If Galt's debt cost of capital is 6%,then Galt's equity cost of capital is closest to:
A)11.2%.
B)12.0%.
C)14.8%.
D)15.5%.

Use the Following Information to Answer the Question(s)below