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United Company has debt with both a face and a market value of $ 2 , 4 0 0 , 0 0 0 . This
United Company has debt with both a face and a market value of $ This debt has a coupon rate of percent and pays interest annually. The expected earnings before interest and taxes are $ the tax rate is percent, and the unlevered cost of capital is percent. What is the firm's cost of equity?
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