Green Valley Inc. has a beta of 1.25 and a marginal tax rate of 25%. The expected market return is 15% and the risk-free rate (Treasury security) is 4%. Calculate the firm's cost of internal equity.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter11: Capital Budgeting And Risk
Section: Chapter Questions
Problem 6P
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Green Valley Inc. has a beta of 1.25 and a marginal tax rate of
25%. The expected market return is 15% and the risk-free rate
(Treasury security) is 4%. Calculate the firm's cost of internal
equity.
Transcribed Image Text:Green Valley Inc. has a beta of 1.25 and a marginal tax rate of 25%. The expected market return is 15% and the risk-free rate (Treasury security) is 4%. Calculate the firm's cost of internal equity.
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