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Garnet, Inc., has a target debt-equity ratio of 0.53. Its WACC is 12.6 %, and the tax rate is 40 % If you know that

Garnet, Inc., has a target debt-equity ratio of 0.53. Its WACC is 12.6 %, and the tax rate is 40 % If you know that the after-tax cost of debt is 5.5%, what is the cost of equity?

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