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The optimal capital 27. Winston Company has a debt-to-equity ratio of 1.5. Its WACC is 11%, and its cost of debt is 7%. The

The optimal capital 27. Winston Company has a debt-to-equity ratio of 1.5. Its WACC is 11%, and its cost of debt is 7%. The corporate tax rate is 35%. What is Winston Company's cost of equity?

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