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Japhet Events has a debt-equity ratio of 1.3. The pretax cost of debt is 8 percent and the required return on assets is 12.6 percent.

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Japhet Events has a debt-equity ratio of 1.3. The pretax cost of debt is 8 percent and the required return on assets is 12.6 percent. Ignoring taxes, what is the company's cost of equity? Multiple Choice 18.58% 19.24% 12.60% 21.22% 23.18%

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