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A company has a debt-equity ratio of 1.20. Its cost of levered equity is 15 percent and its cost of debt is 8 percent. The

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A company has a debt-equity ratio of 1.20. Its cost of levered equity is 15 percent and its cost of debt is 8 percent. The corporate tax rate is 22 percent. What is the company's cost of unlevered equity? Enter your answer in the box shown below as a decimal number (not as a percentage) with 4 digits to the right of the decimal point

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