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Winter’s Toyland has a debt-equity ratio of 0.72. The pre-tax cost of debt is 8.7 percent and the required return on assets is 16.1 percent. What is the cost of equity if you ignore taxes?,HINT: Review M&M Proposition I & II ,,answer options:,,19.31 percent ,19.74 percent,20.29 percent ,20.46 percent,21.43 percent

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