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4. An analyst has used the percent of sales method to forecast the items in the table below for 2021-2023 for New Energy, Ine., which

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4. An analyst has used the percent of sales method to forecast the items in the table below for 2021-2023 for New Energy, Ine., which is all equity finanoed. The beta for the company's stock is 1.2, and the company's tax rate is 38%. Assume a risk free rate of 4% and an equity market risk premium of 5%. ( 15 points) 1) What is the cost of capital for the company

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