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a firm has a debt-equity ratio of .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 .64, a cost of equity of 13.04 percent, and a cost of debt of 8 percent. the corporate tax rate is 35 percent. what would be the cost of equity if the firm were all-equity finances?

a. 12.42% b. 12.07% c. 11.56% d. 11.11% e. 13.33%

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