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Can someone please help compute the hurdle rate: The average beta of firms operating in a new business line is 1.2 and these companies have

Can someone please help compute the hurdle rate: The average beta of firms operating in a new business line is 1.2 and these companies have on average a leverage ratio (D/E) of 0.3 Cost of debt is 3%. Risk-free rate is 2% and the market premium is 5%. The income tax rate is 30%.

What is the hurdle rate if project is 100% financed with equity?

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