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Round to two Decimal Places Homework: M4: Chapter 12 Homework Save Score: 0 of 1 pt 7 of 7 (1 complete) HW Score: 14.29%, 1

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Round to two Decimal Places

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Homework: M4: Chapter 12 Homework Save Score: 0 of 1 pt 7 of 7 (1 complete) HW Score: 14.29%, 1 of 7 pts P12-18 (similar to) Question Help Your firm is planning to invest in an automated packaging plant. Harburtin Industries is an all-equity firm that specializes in this business. Suppose Harburtin's equity beta is 0.88, the risk-free rate is 3.8%, and the market risk premium is 4.7%. If your firm's project is all-equity financed, estimate its cost of capital. Harburtin's cost of capital is %. (Round to two decimal places.)

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