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Your estimate of the market risk premium is 6%. The risk-free rate of return is 4% and Durham Drone Company (DDC) has a beta of

Your estimate of the market risk premium is 6%. The risk-free rate of return is 4% and Durham Drone Company (DDC) has a beta of 1.3. What is DDC's cost of equity capital? Round to 1 decimal place. i.e. 1.1 for 1.1%

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