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Taro Inc. is a 100% equity firm with a tax rate of 34% and a WACC of 13%. The company can borrow money at an

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Taro Inc. is a 100% equity firm with a tax rate of 34% and a WACC of 13%. The company can borrow money at an interest rate of 8%. EBIT is $24,500 annually. What is the cost of equity? Multiple Choice 13.00% O 12.67% 13.33% O 10.72% 8.58%

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