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JoBo's is a 100% equity financed firm with a tax rate of 34% and a WACC of 13%. The company can borrow money at a

JoBo's is a 100% equity financed firm with a tax rate of 34% and a WACC of 13%. The company can borrow money at a current rate of 8%. EBIT is $24,500 annually. What is the current cost of equity?

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