Szechwan Gardens, Inc. florist chain has a tax rate of $40 %$, and they have some bonds
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Szechwan Gardens, Inc. florist chain has a tax rate of $40 \%$, and they have some bonds outstanding (from an earlier store expansion) with a yield of $8 \%$. The CFO determined that the "best" capital structure for their business is $60 \%$ debt. What is the cost of equity capital if the WACC is $8.75 \%$.
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