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Luther Industries has 25 million shares outstanding trading at $18 per share.In addition,Luther has $150 million in outstanding debt.Suppose Luther's equity cost of capital is 13%,its debt cost of capital is 7%,and the corporate tax rate is 21%.
-Luther's unlevered cost of capital is closest to:
Cilia
Microscopic, hair-like structures that protrude from the surface of cells, involved in movement and sensing environmental stimuli.
Pharynx
The muscular tube at the back of the nose and mouth that connects them to the esophagus.
Serous Fluid
A clear, watery fluid that lubricates the surfaces of membranes lining body cavities and organs.
Pleura
Thin layers of tissue that line the lungs and the inside of the chest cavity, providing lubrication necessary for the lungs to move smoothly during breathing.
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