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Your firm is financed 100% with equity and has a cost of equity capital of 12%. You are considering your first debt issue, which would

Your firm is financed 100% with equity and has a cost of equity capital of 12%. You are considering your first debt issue, which would change your capital structure to 30% debt and 70% equity. If your cost of debt is 7%, what will be your new cost of equity?

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