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Apex Ltd. has a tax rate of 30% and the interest rate on debt of 8%.The firm's WACC is 11.36% and debt-asset ratio is 60%.

Apex Ltd. has a tax rate of 30% and the interest rate on debt of 8%.The firm's WACC is 11.36% and debt-asset ratio is 60%. What is the expected rate of return to equity holders?

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