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Rivoli Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0=$0.80;P0=$35.00; and g=8.00%

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Rivoli Inc. hired you as a consultant to help estimate its cost of capital. You have been provided with the following data: D0=$0.80;P0=$35.00; and g=8.00% (constant). Based on the DCF approach, what is the cost of equity from retained earnings? Do not round your intermediate calculations. 12.35% 10.47% 11.20% 9.63% 9.42%

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