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The Tip-Top Paving Co. has an equity cost of capital of 16.97% The debt to-equity ratio is 0.6 and a cost of debt of 11%.

The Tip-Top Paving Co. has an equity cost of capital of 16.97% The debt to-equity ratio is 0.6 and a cost of debt of 11%. What is the cost of equity if Tip-Top was unlevered? Assume no corporate taxes.

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