A company has a money cost of capital of $21 %$ per annum. The inflation rate is
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A company has a money cost of capital of $21 \%$ per annum. The inflation rate is currently estimated at $9 \%$ per annum.
Identify the real cost of capital:
A. $9 \%$
B. $11 \%$
C. $12 \%$
D. $14 \%$
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