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Winter's Toyland has a debt-equity ratio of 1.00. The cost of debt is 5 percent and the required return on assets is 17 percent. What
Winter's Toyland has a debt-equity ratio of 1.00. The cost of debt is 5 percent and the required return on assets is 17 percent. What is the cost of equity if you ignore taxes? Write your answer as a percent rounded to two digits, but don't include the % sign (i.e. write 12.63, not 0.1263).
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