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Suppose you borrow $15,800.74 when financing a gym valued at $30,111.83. Assume that the unlevered cost of the gym is 15.58% and that the cost

Suppose you borrow $15,800.74 when financing a gym valued at $30,111.83. Assume that the unlevered cost of the gym is 15.58% and that the cost of debt is valued at 7.13%. What should be the cost of equity of your firm?

NOTE: Answer in percentage. If your answer is 0.0405, then answer 4.05.

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