Crosby Industries has a debt-equity ratio of 1.7. Its WACC is 11 percent, and its cost of
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Crosby Industries has a debt-equity ratio of 1.7. Its WACC is 11 percent, and its cost of debt is 8 percent. There is no corporate tax.
What would the cost of equity be if the debt-equity ratio were .7?(Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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