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You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been

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You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been provided with the following data: rRF=2.13%;RPM=5.16%; and b=0.9. Based on the CAPM approach, what is the cost of common from reinvested earnings? Submit your answer as a percentage and round to two decimal places (Ex. 0.00% )

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