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In December 2020, Company C's stock had a beta of 1.80. The US risk free rate was 1.6% The firm had debt outstanding of $1

In December 2020, Company C's stock had a beta of 1.80. The US risk free rate was 1.6% The firm had debt outstanding of $1 billion and a market value of equity of $1 billion; the corporate marginal tax was 30%. The company's cost of debt is 4%. What is the expected return on the company based on the CAPM?

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