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Williamson, Inc. has a debt-equity ratio of 2.3. The firm's weighted average cost of capital is 10 percent, and it's pretax cost of debt is

Williamson, Inc. has a debt-equity ratio of 2.3. The firm's weighted average cost of capital is 10 percent, and it's pretax cost of debt is 6 percent. The tax rate is 35 percent. What is the company's cost of equity?

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