Jungle, Inc., has a target debtequity ratio of 0.88. Its WACC is 12 percent, and...
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Jungle, Inc., has a target debtequity ratio of 0.88. Its WACC is 12 percent, and the tax rate is 32 percent. (Do not include the percent signs (%). Round your answers to 2 decimal places. (e.g., 32.16))
If Jungle's cost of debt is 13.47 percent, the cost of equity is ____ %?
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