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A company is 49% financed by risk-free debt. The interest rate is 8%, the expected market risk premium is 6%, and the beta of the

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A company is 49% financed by risk-free debt. The interest rate is 8%, the expected market risk premium is 6%, and the beta of the cempany's common stock is 0.59 What is the company cost of copital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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