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Your firm is financed 100% with equity and has a cost of equity capital of 13%. You are considering your first debt issue, which would

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Your firm is financed 100% with equity and has a cost of equity capital of 13%. You are considering your first debt issue, which would change your capital structure to 33% debt and 67% equity. If your cost of debt is 5%, what will be your new cost of equity? Assume no change in your firm's WACC due to the change in capital structures

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