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Your company has 4 million shares of stock selling at $ 4 4 per share, and $ 3 0 0 million in outstanding debt. The

Your company has 4 million shares of stock selling at $44 per share, and $300 million in outstanding debt. The equity cost of capital is 15%, and the debt cost of capital is 10%. What is the firm's unlevered cost of capital? Express your answer in decimal format, rounded and accurate to 4 decimal places.

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