Question: Please show all your work - formula, inputs and results. Nopay Industries has a debt-to-equity ratio of 2. Its WACC is 11% and its cost

Please show all your work - formula, inputs and results.

Nopay Industries has a debt-to-equity ratio of 2. Its WACC is 11% and its cost of debt is 10%. The corporate tax rate is 35%.

What is Nopays cost of equity?

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