Question: FastAccess has capital structure with 6 0 % debt at a 8 . 9 % interest rate. Its beta is 1 . 1 , the

FastAccess has capital structure with 60% debt at a 8.9% interest rate. Its beta is 1.1, the risk-free rate is 2%, and the market risk premium is 6%. Given a tax rate of 25%, what is the unlevered cost of equity (in percent)?

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