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You start a business expecting to generate a year-end cash flow of $1.3 million. An equity investor offers you $980,000 for the business at the
You start a business expecting to generate a year-end cash flow of $1.3 million. An equity investor offers you $980,000 for the business at the beginning of the year. What is the cost of unleveraged equity? (Enter using 2 decimal places or more
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