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In 2019, BFI Inc. has a weighted average cost of capital of 15% and had a cost of debt of 7 percent. The book value

In 2019, BFI Inc. has a weighted average cost of capital of 15% and had a cost of debt of 7 percent. The book value of debt was $25,000 and the market value of shareholders' equity was $30,000. The firm faces a tax rate of 30 percent. The firm's cost of equity is:

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