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Aqua Ltd. has a target debt-equity ratio of 0.82 . Its WACC is 8.35%, and the tax rate is 34% . If Aqua Ltd.s pre-tax

Aqua Ltd. has a target debt-equity ratio of 0.82. Its WACC is 8.35%, and the tax rate is 34%.

If Aqua Ltd.s pre-tax cost of debt is 7.2%, what is the cost of equity? (5 points)

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