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LiteTech inc, an all-equity company, is developing a new electric vehicle. They have estimated a beta for the project of 0.92. Find the weighted average

LiteTech inc, an all-equity company, is developing a new electric vehicle. They have estimated a beta for the project of 0.92. Find the weighted average cost of capital if the market risk premium is 5.56%, the risk-free rate is 2.91% and the debt to value ratio of LiteTechs closest competitor is 0.39%.

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