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Greeneco is a company specializing in energy savings. Greenecos equity beta is 1,5, the risk-free rate is 4,0%, and the market risk premium is 6,7%.

Greeneco is a company specializing in energy savings. Greenecos equity beta is 1,5, the risk-free rate is 4,0%, and the market risk premium is 6,7%. Estimate Greenecos equity cost of capital based on the CAPM. Round your answer to two decimal places in percentage form.

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