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A firm has a debt-to-equity ratio of 1:4. The WACC is 18.6%, and the pretax cost of debt is 9.4%. What is the cost of
A firm has a debt-to-equity ratio of 1:4. 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%? Please enter your answer as a percent rounded to two decimal places.
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