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LP Gas has a cost of equity of 17.4 percent and a pretax cost of debt of 8.1 percent. The debt-equity ratio is .48 and

LP Gas has a cost of equity of 17.4 percent and a pretax cost of debt of 8.1 percent. The debt-equity ratio is .48 and the tax rate is 35 percent. What is the unlevered cost of capital?

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