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Assume that Considine Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D

Assume that Considine Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0= $0.90; P0= $22.50; and g = 7.00% (constant). Based on the DCF approach, what is Considine's cost of equity from retained earnings?

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