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Dale 120 LUUlse. PU 3405 Tall 2019 Homework Suppose Microsoft has no debt and a WACC of 9.1%. The average debt-to-value ratio for the software

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Dale 120 LUUlse. PU 3405 Tall 2019 Homework Suppose Microsoft has no debt and a WACC of 9.1%. The average debt-to-value ratio for the software industry is 7.5%. What would be its cost of equity if it took on the average amount of debt for its industry at a cost of debt of 6.3%? The cost of equity is %. (Round to two decimal places.)

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