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A company has a debt-equity ratio of 1.25. Its weighted average cost of capital is 8.3 percent, and its cost of debt is 5.1 percent.

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A company has a debt-equity ratio of 1.25. Its weighted average cost of capital is 8.3 percent, and its cost of debt is 5.1 percent. The corporate tax rate is 21 percent. What is the company's cost of levered 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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