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Patriot Memory Inc. hired Jack as a consultant to help estimate its cost of capital. Jack has been provided with the following data: Do =

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Patriot Memory Inc. hired Jack as a consultant to help estimate its cost of capital. Jack has been provided with the following data: Do = $4.16; Po= $184.00; and g = 14.00% (constant). Based on the DCF approach, what is the cost of equity from retained earnings

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