A company has a target debt-to-equity ratio 2/3. The firm has no preferred stock. The firm's bonds have a coupon rate of 9% and YMT of 8.5%, and the firm is subject to a 30% corporate tax rate. The...

A company has a target debt-to-equity ratio 2/3. The firm has no preferred stock. The firm's bonds have a coupon rate of 9% and YMT of 8.5%, and the firm is subject to a 30% corporate tax rate. The firm has common stock with a beta of 1.41. The risk free rate on treasury bills is 4% and the expected market risk premium is 10%. What is the minimum after-tax rate of return that the company must earn on its investments?