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9.Your firm is planning to invest in an automated packaging plant. You find a comparable firm, Thurbinar Design, which is engaged in a similar line

9.Your firm is planning to invest in an automated packaging plant. You find a comparable firm, Thurbinar Design, which is engaged in a similar line of business. Thurbinar has a stock price of $16 per share, with 14 million shares outstanding. It also has 113 million in outstanding debt, with a yield on the debt of 3.8%. Thurbinar's equity beta is 1. The risk-free rate is 5%, and the expected return on the market portfolio is 14%. Thurbinar's unlevered cost of capital is _______%.

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