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Zorin Industries has a debt-equity ratio of 1.4. Its WACC is 11%, and its cost of debt is 7%. The corporate tax rate is 35%

Zorin Industries has a debt-equity ratio of 1.4. Its WACC is 11%, and its cost of debt is 7%. The corporate tax rate is 35%

What is Zorins unlevered cost of equity capital? (Answer in percentage terms and round to 2 decimal places. Do not round intermediate calculations.)

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