Shirley Inc. Is an all-equity company recently founded, and you are required to estimate its equity return. Simple Corp. is a competitor with assets very similar to those of Shirley. Simple's return on equity is 8.84%, its debt-to-equity ratio is 1 and it is kept constant.  <br>
The interest rate paid by Simple is 1.50% and the corporate tax rate is 23%.
Q: what is the return on equity for Shirley
A 4.02%<br>
B 4.23%<br>
C 4.93%<br>
D 5.17%