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9-14 Free Willy Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5%

9-14 Free Willy Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5%
Financial Management; Principles and Practice: By Gallagher and Andrew
Cost of equity CAPM approach

9-14 Free Willy Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5% and the expected rate of return on the stock market is 12%, what is Corps cost of common equity financing?
SOLUTION
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