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Felicity Corp. hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: DO=$1.45;PO=$19.00; and

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Felicity Corp. hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: DO=$1.45;PO=$19.00; and g=6.50% (constant). Based on the DCF approach, what is the cost of equity from retained earnings? (Multiple Choice) Excel Link: Excel Sheet.xlsx 15.26%14.63%14.13%6.58%13.00%

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