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A company's unlevered cost of capital is 7%. The company's market value of equity is $9,000,000. The company has $3,000,000 in outstanding debt at an

A company's unlevered cost of capital is 7%. The company's market value of equity is $9,000,000. The company has $3,000,000 in outstanding debt at an interest rate of 4%. Assume the corporate tax rate is 20%. What is this company's cost of equity??

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