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Suppose IBM has only one project and an unlevered cost of equity of 10%. If the...

Suppose IBM has only one project and an unlevered cost of equity of 10%. If the company borrows $15,000 at 7% to make the investment, what is expected return to equity holders? Assume the cash flow for the project is $30,000.

The answer is 13.67%, could you tell me how to solve it

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