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Shadow Corp. has no debt but can borrow at 5.1 percent. The firm's WACC is currently 8.7 percent and the tax rate is 25 percent.

Shadow Corp. has no debt but can borrow at 5.1 percent. The firm's WACC is currently 8.7 percent and the tax rate is 25 percent. a. What is the company's cost of equity? (Do not round intermediate cal...

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