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Suppose the weighted average cost of capital of the Cullumber company is 12 percent. If Cullumber has a capital structure that is 50 percent debt

Suppose the weighted average cost of capital of the Cullumber company is 12 percent. If Cullumber has a capital structure that is 50 percent debt and 50 percent equity, its before-tax cost of debt is 5 percent and its marginal tax rate is 20 percent , then its cost of equity capital is closest to:

What percentage?

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