(Please insert the answer in decimal form and round it to three decimal places if needed; for example: 5.43% should be inserted as 0.054). If the value of a firm is $986,788, the value of its debt is $447,294, the after-tax cost of debt is 7% and the overall cost of capital (WACC) is 10%, what is the cost of equity for this firm?

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The market value of equity can be calculated as the difference between the value of the firm an... View the full answer