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A firm has a market value of assets of $40,000. It borrows $10,000 at 4%. If the unlevered cost of equity is 16%, what is

A firm has a market value of assets of $40,000. It borrows $10,000 at 4%. If the unlevered cost of equity is 16%, what is the firm's cost of equity capital according to MM? Select one: a. 70% b. 8.0% c. 17.3% d. 19.0% 9.20.0%

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