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You've been hired by Cans-R-U as a consultant to help them calculate cost of capital. You have been provided with the following data: D1=$1.49;P0=$47.00; and

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You've been hired by Cans-R-U as a consultant to help them calculate cost of capital. You have been provided with the following data: D1=$1.49;P0=$47.00; and g=7% (constant). Based on the constant growth formula approach, what is the cost of equity from retained earnings? MUST SHOW WORK 10.20% 10.17% 10.49% 11.41% 13.41%

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