The Pizza Shoppe has debt with both a face and a market value of $5,500 and a market value of equity of $8,800. The debt has a coupon rate of 7 percent and pays interest annually. The tax rate is 21 percent, and the unlevered cost of capital is 13 percent. What is the firm's levered cost of equity?

Answerradio shack is an example of a franchise;

Competitive intelligence activities occur so that a company can use information about a competitor's new products to  develop superior marketing strategies for its own products.  when talking about  competitive intelligence, an easy way to  remember  these terms are to know your  enemy. when having  competitive intelligence it's allowing information you find out about other companies and how they run their company, the risks they have come in contact with and  opportunities they  haven't taken and figure out how to use them to your advantage. always be  smarter than your  competition. 

Answermarginal, average total;