Day Medical Supply is trying to establish its optimal capital structure. Day's current beta is 1.5. Its current capital structure consists of 25% debt and 75% equity; however, the CEO believes the firm should use more debt. The risk-free rate, rf, is 5%, the market risk premium, RPM, is 6%, and the firm's tax rate is 40%. What would be Day's estimated cost of equity if it changed its capital structure to 50% debt and 50% equity

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.