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Your company has 7 million shares of stock selling at $56 per share, and $300 million in outstanding debt. The equity cost of capital is
Your company has 7 million shares of stock selling at $56 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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