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Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 15%

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Cromwell's Interiors is considering a project that is equally as risky as the firm's current operations. The firm has a cost of equity of 15% and a pretax cost of debt of 8.4%. The debt-equity ratio is 65 and the tax rate is 40%. What is the cost of capital for this project? A) 11.08% B) 11.41% C) 10.29% D) 12.01% E) 11.68%

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