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The common stock of PayPal has a beta of 1.10. The Treasury bill rate is 3.5 percent and the market risk premium is 8 percent.

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The common stock of PayPal has a beta of 1.10. The Treasury bill rate is 3.5 percent and the market risk premium is 8 percent. PayPay is in the 21% tax bracket. What is their cost of equity capital

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