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Cost of Equity Capital A firm is issuing is raising capital for a new project. Their Oustanding bonds pay 14% interest annually. Investors currently pay

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Cost of Equity Capital A firm is issuing is raising capital for a new project. Their Oustanding bonds pay 14% interest annually. Investors currently pay $1124 for the 10-year bond. This firm plans to issue common stock. The additional risk permium on the firm's stock is 2.3%. Estimate the cost of equity capital

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