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Question 5 point A firm has a weighted average cost of capital of 13.8%. The firm's pre-tax cost of debt capitale. Its borrowing rate) is

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Question 5 point A firm has a weighted average cost of capital of 13.8%. The firm's pre-tax cost of debt capitale. Its borrowing rate) is 6%. The value of the firm's equity is $105 million and the value of the firm's debt is 545 million. The firm's tax rate is 1/3 What is the firm's cost of equity capital? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.03% of the correct answer cholte 18.00% 12.00% 12.60% 17.14%

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