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General Products has an asset beta of 0.5, and a debt to equity ratio of 1.1. Their tax rate is 0.25. If the risk free

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General Products has an asset beta of 0.5, and a debt to equity ratio of 1.1. Their tax rate is 0.25. If the risk free rate is 0.03, and the expected return on the S&P500 is 0.13, what is the cost of levered equity for General Products? Please give your answer as a decimal, to the nearest thousandth. An answer of 22.8% would be entered as 0.228

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