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14. A firm has a debt-to-equity ratio of 0.5. Its cost of debt is 12%. Its overall cost of capital is 16%. What is its

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14. A firm has a debt-to-equity ratio of 0.5. Its cost of debt is 12%. Its overall cost of capital is 16%. What is its cost of equity if there are no taxes? a. 13% b. 16% C. 15% d. 18% e. None of the above

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