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Pearson Motors has a target Capital Structure of 30% debt and 70 % Common equity, with ho preferred stock. They viele to maturity on the

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Pearson Motors has a target Capital Structure of 30% debt and 70 % Common equity, with ho preferred stock. They viele to maturity on the company's outstandins bonds is 11% Pearson's CFO estimates that the companys is WACC is 13.70% What is Pearson cost of Common equity? Do not round intermediate Calculations. Round your ansewel to two de cimal Places

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