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Question 4 5 pts Company Xcurrently is an all-equity firm with an expected return of 6.6%. It faces no corporate taxes and perfect capital markets.

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Question 4 5 pts Company Xcurrently is an all-equity firm with an expected return of 6.6%. It faces no corporate taxes and perfect capital markets. If the firm borrows to the point that its debt-to-equity ratio is 1.3, the required return on debt will be 5.4%. What will the required return on equity be in that case? Report an answer to two decimal places, like 8.03 for 8.03%

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