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ABC Company has a before - tax cost of debt of 4 . 2 9 % . The cost of equity of an unlevered firm

ABC Company has a before-tax cost of debt of 4.29%. The cost of equity of an unlevered firm (Note: cost of equity of unlevered firm return on assets=cost of capital of the firm's assets =R A ) is 13.77%. The D/E ratio is 3.1. What is the cost of equity? Assume a tax rate of 19.5% Enter your answer as a percentage rounded off to two decimal pointsDo not enter % in the answer box

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