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Lauryn's asset beta is 1.21. Calculate the appropriate FCF discount rate assuming a risk-free rate of 5 percent and a market risk premium of 8

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Lauryn's asset beta is 1.21. Calculate the appropriate FCF discount rate assuming a risk-free rate of 5 percent and a market risk premium of 8 percent. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.) Discount rate %

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