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Question 5 1 pts Garnet, Inc., has a target debt-equity ratio of 0.39. Its WACC is 12 %, and the tax rate is 31 If

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Question 5 1 pts Garnet, Inc., has a target debt-equity ratio of 0.39. Its WACC is 12 %, and the tax rate is 31 If you know that the after-tax cost of debt is 6.1%, what is the cost of equity? (Report answer in percentage terms and round to2 decimal places. Do not round intermediate calculations). Topic: WACC

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