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3) Corporation C has a debt-equity ratio of [29/10]. The firm's weighted average cost of capital is 23.5% and its pretax cost of debt is

3) Corporation C has a debt-equity ratio of [29/10]. The firm's weighted average

cost of capital is 23.5% and its pretax cost of debt is 10.5% The tax rate is

46%.

  1. What is the company's levered cost of equity

NOTE: Write the number as a percentage. That is, if your answer is 23.54%

answer 23.54. DO NOT USE THE % SIGN.

  1. What is the company's unlevered cost of equity?

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