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Dickson, Inc., has a debt-equity ratio of 1.7. The firm's weighted average cost of capital is 11.9% and its pretax cost is 5.6%. The tax

Dickson, Inc., has a debt-equity ratio of 1.7. The firm's weighted average cost of capital is 11.9% and its pretax cost is 5.6%. The tax rate is 25%.

What is the company's cost of equity capital?

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