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ABC has an unlevered cost of capital (Ra) of 12%, a cost of debt of 8.4%and a tax rate of 0%. What is the cost

ABC has an unlevered cost of capital (Ra) of 12%, a cost of debt of 8.4%and a tax rate of 0%. What is the cost of equity for a firm (Rs) with a D/E ratio of 1.5%?

Enter you answer in percentages rounded off to two decimal points.

Please do in excel if you can, Thanks!

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