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Suppose the weighted average cost of capital of the Blossom Company is 1 4 percent If Blossom has a capital structure that is percent debt

Suppose the weighted average cost of capital of the Blossom Company is 14 percent If Blossom has a capital structure that is percent debt and 50 percent equity its before tax cost of debt is 8 percent, and its marginal tax rate is 20 percent, determine cost of equity capital Round Intermediate calculations to 2 decimal places. 1.25 and final answer to 1 decimal place, e.g.15.2)

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