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XYZ Corp. currently has no debt, no excess cash, and an equity beta of 1.3. The risk free rate is 1.8% and the expected return

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XYZ Corp. currently has no debt, no excess cash, and an equity beta of 1.3. The risk free rate is 1.8% and the expected return on the market is 11.996. Given this information calculate the firm's unlevered cost of capital (ru). Express your result in percent and round to two decimals (do not include the 96-symbol in your answer)

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