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The book value of Charcoal Corporation's common equity is $10 million and it has 1 million shares outstanding. The book value as well as market

The book value of Charcoal Corporation's common equity is $10 million and it has 1 million shares outstanding. The book value as well as market value of its risk-free debt is $5 million. The stock is currently trading at $20 per share. The beta of the company's common stock is 1.25, and the market risk premium is 8%.



If the Treasury bill rate is 5%, what is the company's weighted-average cost of capital?

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