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A firm has a debt-to-equity ratio of 1/3. The WACC is 18.6%, and the pretax cost of debt is 9.4%. What is the cost of

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A firm has a debt-to-equity ratio of 1/3. The WACC is 18.6%, and the pretax cost of debt is 9.4%. What is the cost of common equity if the tax rate is 21%? 19.90% 20.90% O 21.48% O 22.32%

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