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Eves Inc. has the following data: r;= 2.80%: - 10.60%; and equity beta = 1.50. Calculate the firm's cost of common equity from reinvested earnings

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Eves Inc. has the following data: r;= 2.80%: - 10.60%; and equity beta = 1.50. Calculate the firm's cost of common equity from reinvested earnings based on the CAPM (provide your answer in percentage with two decimal places)

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