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Nalcoa Corp. is financing a project that is in the same industry as its current portfolio of projects. If Nalcoa has a beta of 1.2,

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Nalcoa Corp. is financing a project that is in the same industry as its current portfolio of projects. If Nalcoa has a beta of 1.2, the expected return on the market is 15%, and the expected market risk premium is 8%, then what is the weighted average cost of capital for Nalcoa if it plans to continue to be an all equity financed firm? (Answer in decimal form)

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