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Arquitectnica-Madrid has total debt of 16 with an average before tax cost of debt of 10%. Total equity is 60 with a cost of 14%.

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Arquitectnica-Madrid has total debt of 16 with an average before tax cost of debt of 10%. Total equity is 60 with a cost of 14%. The firm intends to implement projects whose total NPV is 13. If the firm's tax rate is 43%, what is Arquitectnica's cost of capital

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