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Wextan's Co. has a debt-equity ratio of .75. Its cost of equity is 15% and its after-tax cost of debt is 5.4%. If the company's

Wextan's Co. has a debt-equity ratio of .75. Its cost of equity is 15% and its after-tax cost of debt is 5.4%. If the company's debt-equity ratio is changed to .60, what will the firm's cost of equity be?

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