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Lowe's is considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 16 percent

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Lowe's is considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 16 percent and a pretax cost of debt of 9 percent. The debt-equity ratio is .60 and the tax rate is 35 percent. What is the cost of capital for this project

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