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ABC Company has a debt-to-equity ratio of 1.0. Its WACC is 10%, and its cost of debt is 5%. The corporate tax rate is 40%.

ABC Company has a debt-to-equity ratio of 1.0. Its WACC is 10%, and its cost of debt is 5%. The corporate tax rate is 40%. What is ABC Company's cost of equity? Select one: a. 15% b. 16% c. 14% d. 17%

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