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Chandeliers Corp. has no debt but can borrow at 6.7 percent. The firms WACC is currently 8.5 percent, and the tax rate is 35 percent.

Chandeliers Corp. has no debt but can borrow at 6.7 percent. The firms WACC is currently 8.5 percent, and the tax rate is 35 percent. What is the companys cost of equity?

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