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ABC Company has a share price of $84 today. If Krell is expected to pay a dividend of $10 at the end of the year,

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ABC Company has a share price of $84 today. If Krell is expected to pay a dividend of $10 at the end of the year, and its stock price is expected to grow to $80 at the end of the year. What is the equity cost of capital for the stock? (Round to 4 decimal places. Do NOT use percentage value)

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