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Dewing Drilling has a beta of 1.3 and is trying to calculate its cost of equity. If the risk-free rate of return is 8% and

Dewing Drilling has a beta of 1.3 and is trying to calculate its cost of equity. If the risk-free rate of return is 8% and the expected return to the market is 12%, then what is the firms cost of equity if the firms tax rate is 40%?

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