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Sito Mills is an all-equity financed firm that has a beta of 1.18 and a cost of equity of 12.2 percent. The risk-free rate of
Sito Mills is an all-equity financed firm that has a beta of 1.18 and a cost of equity of 12.2 percent. The risk-free rate of return is 29 percent. The firm is currently considering a project that has a beta of 103 and a project life of six years. What discount rate should be assigned to this project? Multiple Choice
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