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Company BW has 1,000,000 shares outstanding and the market price is $22 per share. investors believe that the company BW's beta is 1.78 and market

Company BW has 1,000,000 shares outstanding and the market price is $22 per share. investors believe that the company BW's beta is 1.78 and market risk premium is 8.5%. If risk free rate is 2.5%, which is the cost of common stocks?
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