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Holiday House Tech has a target capital structure of 3 5 % debt and 6 5 % common equity. Holiday House does not issue preferred

Holiday House Tech has a target capital structure of $35 %$ debt and $65 %$ common equity. Holiday House does not issue preferred stock. The yield to maturity on the companys outstanding bonds is $7 %,$ and the companys tax rate is $22 % .$ Holiday Houses CFO has calculated the companys WACC as $8.9 % .$ What is the companys cost of common equity capital?

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