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A firm has a debt-equity ratio of 0.64, a cost of equity of 13.04 percent, and a cost of debt of 8 percent. The corporate

A firm has a debt-equity ratio of 0.64, a cost of equity of 13.04 percent, and a cost of debt of 8 percent. The corporate tax rate is 30 percent. What would be the cost of equity if the firm were all-equity financed?

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