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Wizard Co. expects 70% of its total value to end up in the real estate division, 20% in the consulting division, and 10% in the

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Wizard Co. expects 70% of its total value to end up in the real estate division, 20% in the consulting division, and 10% in the distribution division. Based on this information, what rate of return should its investors require once it opens the new divisions? (Note: Round your intermediate calculations to two decimal places.) O 13.61% O 18.36% 14.91% 16.46% Wizard Co. currently has only a real estate division and uses only equity capital; however, it is considering creating consulting and distribution divisions. Its beta is currently 1.4. The risk-free rate is 4.2%, and the market risk premium is 6.4%

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