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David Ortiz Motors has a target capital structure of 30% debt and 70% equity. The yield to maturity on the company's outstanding bonds is 127

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David Ortiz Motors has a target capital structure of 30% debt and 70% equity. The yield to maturity on the company's outstanding bonds is 127 , and thin company's tax rate is 25\%. Ortiz's CFO has calculated the company's WACC as 13.9%. What is the company's cost of equity capital? Round your answar to the nearest whole number. %

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