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FastAccess has capital structure with 21% debt at a 11.3% interest rate. Its beta is 0.54, the risk-free rate is 4%, and the market risk
FastAccess has capital structure with 21% debt at a 11.3% interest rate. Its beta is 0.54, the risk-free rate is 4%, and the market risk premium is 6%. Given a tax rate of 31%, what is the unlevered cost of equity (in percent)?
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