Tulip, Inc., has a target debtequity ratio of 1. Its WACC is 8 percent, and the tax rate is 35 percent. If you know that the pre-tax cost of debt is 6.0 percent, what is the cost of equity? Cost of equity= _________% (min. 2 decimals) Hint: Remember to convert the debt/equity ratio to D/V and E/V ratios, before you invert the WACC equation.

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