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Your firm has a Return on Assets of 8.00%, the firm can issue debt at 3.50% regardless of the leverage, and the firm's marginal tax

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Your firm has a Return on Assets of 8.00%, the firm can issue debt at 3.50% regardless of the leverage, and the firm's marginal tax rate is 25%. If the firm's debt-to-asset ratio is 24\%, what is the Cost of Equity Capital within the 1963 Miller \& Modigliani framework? 9.35% 9.78% 9.07% 8.81% 6.77%

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