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Question 2 3 pts A company operating in perfect capital markets (no taxes) has 9 million shares worth $10 per share with re = 10%

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Question 2 3 pts A company operating in perfect capital markets (no taxes) has 9 million shares worth $10 per share with re = 10% and $10 million in perpetual debt, with ro = 3% if the company plans to increase its debt from $10 million to $30 million by doing a recapitalization (this recapitalization will not change the required return on debt) calculate the required return on the equity after the recapitalization Do not round intermediate calculations. Round final answer to four decimal places

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