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Turquoise Electronics, Inc. paid a dividend of $1.68 last year. If the firm's growth in dividends is expected to be 15 percent next year and

Turquoise Electronics, Inc. paid a dividend of $1.68 last year. If the firm's growth in dividends is expected to be 15 percent next year and then zero thereafter, then what is its cost of equity capital if the price of its common shares is currently $13.157 (Round to nearest percent) 18% 8% 15% 7%

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