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The expected rate of return on the market is 12%. The firm's stock beta is 1.6. The risk-free rate is 8%. Find the cost of

The expected rate of return on the market is 12%. The firm's stock beta is 1.6. The risk-free rate is 8%. Find the cost of equity.

A.

25.2%

B.

20.0%

C.

12.8%

D.

24.8%

E.

14.4%

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