Garnet, Inc, has a target debt-equity ratio of 0.48 . Its WACC is 11..pdf

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Garnet, Inc, has a target debt-equity ratio of 0.48 . Its WACC is 11.9%, and the tax rate is 35% If you know that the after-tax cost of debt is 6.5%, what is the cost of equity? (Report answer in percentage terms and round to 2 decimal places. Do. not round intermedipte calculations). Tople: WACC.

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