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Your firm is planning to invest in automated packaging plant. Harborton industries is an all equity firm that specializes in this business. Suppose Harborton's equity
Your firm is planning to invest in automated packaging plant. Harborton industries is an all equity firm that specializes in this business. Suppose Harborton's equity beta is .81, the risk-free rate is 5%, and the market risk premium is 5%. If your firm's project is all-equity financed, it's cost of capital is --%?
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