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Company C hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0 = $0.8;

Company C hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0 = $0.8; P0 = $24; and g = 8% (constant). Based on the DCF approach, what is the cost of equity from retained earnings ?

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