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Question 3 (3 points) The earnings, dividends, and stock price of DoorDash are expected to grow at 7.5% per year in the future. DoorDash's common

Question 3 (3 points) The earnings, dividends, and stock price of DoorDash are expected to grow at 7.5% per year in the future. DoorDash's common stock sells for $25.32 per share and its last dividend was $1.85. Using the discounted cash flow approach, what is the cost of equity? Answer as a percentage with 2 decimals (i.e. 13.57% as 13.57)

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