Jacque Ewing Drilling, Inc., has a beta of 0.95 and is trying to calculate its cost of equity capital. If the risk-free rate of return is 6 percent and the expected return on the market is 13 percent, then what is the firm's after-tax cost of equity capital if the firm's marginal tax rate is 35 percent?
Group of answer choices
Get Answers For Free
Most questions answered within 1 hours.