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Westgate Corporation's common stock sells for $40 and has a beta of 1.6. If the risk-free rate is currently 6.5% and the market return 14%,

Westgate Corporation's common stock sells for $40 and has a beta of 1.6. If the risk-free rate is currently 6.5% and the market return 14%, what is the cost of internal equity for Westgate? 18.5% 14.0% 12.5% 22.4% 12.0%

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