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Eves Inc has the following data: r- - 4.70%; M = 7.60%; and equity beta - 0.90. Calculate the firm's cost of common equity from

Eves Inc has the following data: r- - 4.70%; M = 7.60%; and equity beta - 0.90. 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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