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Flutterwave Inc. has a cost of equity of 16% and no debt. Its market value of equity is $16,000. The company is now borrowing $24,000
Flutterwave Inc. has a cost of equity of 16% and no debt. Its market value of equity is $16,000. The company is now borrowing $24,000 at an interest rate of 8%. Assume there are no taxes or costs of financial distress. What is the new cost of equity
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