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Scanlon Inc.'s CFO hired you as a consultant to help her estimate the cost of capital. You have been provided with the following data: the

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Scanlon Inc.'s CFO hired you as a consultant to help her estimate the cost of capital. You have been provided with the following data: the risk-free rate of return is 3.50% the market risk premium is 6.00%; and Scanlon's beta is 1.05. Based on the CAPM approach, what is the cost of equity from retained earnings? Enter your answer rounded to two decimal places. Do not enter % in the answer box For example, if your answer in 0.12345 or 12.345% then enter as 12.35 in the answer box

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