Question: Chae is valuing a new division and has identified a comparable firm which has an expected return on equity of 10%, an expected return on

Chae is valuing a new division and has identified a comparable firm which has an expected return on equity of 10%, an expected return on debt of 4%, and a D/E ratio of 0.3. What is the asset cost of capital for the new division? Please do NOT use excel. Show all work. Thank you

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