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You are given the following information concerning Around Town Tours Co, which is a publicly traded company. The tax rate is 34%. Common stock: Beta

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You are given the following information concerning Around Town Tours Co, which is a publicly traded company. The tax rate is 34%. Common stock: Beta is 1.04 Market: Risk-free rate is 4.1%. Market risk premium is 10.5%. What is the firm's cost of equity r.? a 7.12% b. 8.16% c. 15.02% od 11.28%

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