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Lang & Co. has a debt of $30 million and equity of $40 million. Langs cost of debt is 8.5% and ROA is 15%. What
Lang & Co. has a debt of $30 million and equity of $40 million. Langs cost of debt is 8.5% and ROA is 15%. What is Lang's required return on equity if we ignore taxes?
Answers:
11.25%
8.63%
16.13%
19.88%
23.67%
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