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Jelco has a target debt-to-value ratio of 55. The pretax cost of debt is 8.6 percent. the assumed tax rate is 24 percent, and the

Jelco has a target debt-to-value ratio of 55. The pretax cost of debt is 8.6 percent. the assumed tax rate is 24 percent, and the unlevered cost of equity 13.4 percent. What is the target cost of equity? A 15.72% B. 16.48% C. 14.09 D. 17.86

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