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An all-equity firm had a dividend expense of $30,000 last year. The market value of the firm is $620,000 today and the dividend is expected

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An all-equity firm had a dividend expense of $30,000 last year. The market value of the firm is $620,000 today and the dividend is expected to increase at 4.25% each year forever. What is the cost of capital for this firm? Select one: O a. 9.29% O b. 9.09% O c. 5.04% O d. 9.53%

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