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situational software company is trying to establish is optimal capital structure is current capital structure consist of 2 0 % debt and 8 0 %

situational software company is trying to establish is optimal capital structure is current capital structure consist of 20% debt and 80% Equity however the CEO believes that the firm should use more debt the risk free rate is 3%, the market risk premium is 6% and the firm's tax rate is 25% currently SEC is cost of equity is 13% which is determined by the capm what would be sec's estimated cost of equity if it changed as capital structure to 50% dead and 50% Equity do not round intermediate calculations round your answer to two decimal places

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