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TJ Co stock has a beta of 1.49, the current risk-free rate is 5.79 percent, and the expected return on the market is 14.04 percent.

TJ Co stock has a beta of 1.49, the current risk-free rate is 5.79 percent, and the expected return on the market is 14.04 percent. What is TJ Co's cost of equity?

A. 29.55%

B. 21.32%

C. 18.08%

D. 26.71%

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