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DT's has a 0.55 debt-equity ratio, 12.4% WACC, 34% tax rate, and 5.5% aftertax cost of debt. What is cost of equity? ** Please do

DT's has a 0.55 debt-equity ratio, 12.4% WACC, 34% tax rate, and 5.5% aftertax cost of debt. What is cost of equity?

** Please do not use excel and please explain the work. Thanks!

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