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You are considering the capital budgeting project J with a life expectancy of 30 years. The T-bill rate (rf) is 4%, the beta of firms

You are considering the capital budgeting project J with a life expectancy of 30 years. The T-bill rate (rf) is 4%, the beta of firms that manufacture products similar to project is 1.5, and the return on the market (rm) for the last 30 years has been 11%. What is the cost of capital for project j?

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