answer is 12.2966%, so it's not through capm

6 - You are in charge of calculating the cost of capital for Excelig SA. You have spotted 4 other companies in the same industry and have collected the following information: You also found that the rate of return on the risk-free asset is 4% aa and that the market risk premium is 6.25% aa. Tax rate is 40%. What would be your best estimation for the cost of equity for Excelig