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Given the following information for XY Co. The market value of XY debt $200,000 its yield 9% market value of equity $300,000 the growth rate

Given the following information for XY Co.
The market value of XY debt $200,000
its yield 9%
market value of equity $300,000
the growth rate of its earning 5%
tax rate 30%
A similar firm with no debt has the following infromation
cost of equity 11%

Under the MM extension with growth, what is XY cost of equity?

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