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Suppose that a foreign project has a beta of 1.94, the risk-free return is 13.22% and the required return on the market is estimated at

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Suppose that a foreign project has a beta of 1.94, the risk-free return is 13.22% and the required return on the market is estimated at 23.87%. Then what is the cost of capital for the project? (Show it as the percentage term)

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