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St . Vincent's Hospital has a target capital structure of 4 0 percent debt and 6 0 percent equity. Its cost of equity ( fund

St. Vincent's Hospital has a target capital structure of 40 percent debt and 60 percent equity. Its cost of equity (fund capital) estimate is 12 percent and its cost of tax-exempt debt estimate is 8 percent. What is the hospital's corporate cost of capital?

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