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David Ortiz Motors has a target capital structure of 40%6 debt and 60% equity. The yield to maturity on the company's outstanding bonds is 7%,

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David Ortiz Motors has a target capital structure of 40%6 debt and 60% equity. The yield to maturity on the company's outstanding bonds is 7%, and the company's tax rate is 25\%. Ortiz's CFO has calculated the company's WACC as 8.1%. What is the company's cost of equity capital? Round your answer to the nearest whole number

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