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Churchgate issues only equity and debt and its tax rate is 39 percent. It has a debt equity ratio of .73, its cost of equity
Churchgate issues only equity and debt and its tax rate is 39 percent. It has a debt equity ratio of .73, its cost of equity is 11.5 percent and cost of debt before taxes is 6.6 percent. What is the weight on Churchgate's equity?
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