Question: Babylon Industries has no debt and a WACC of 9.2%. The average debt- value ratio for the financial industry is 21%. What would its cost

Babylon Industries has no debt and a WACC of 9.2%. The average debt- value ratio for the financial industry is 21%. What would its cost of equity be if it took on the average amount of debt for its industry at a cost of debt of 6%?

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