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a Jacque Ewing Drilling, Inc., has a beta of 0.95 and is trying to calculate its cost of equity capital. If the risk-free rate of

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a Jacque Ewing Drilling, Inc., has a beta of 0.95 and is trying to calculate its cost of equity capital. If the risk-free rate of return is 4 percent and the expected return on the market is 12 percent, then what is the firm's after-tax cost of equity capital if the firm's marginal tax rate is 35 percent? O 12.25% O 13.60% none of these O 11.60% O 19.00%

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