MM Ferguson's market value of common stock is $24.6 million, and its risk-free debt is $12.9 million in market value. The beta of the company's common stock is 1.26, and the market risk premium is 10.2 percent. If the Treasury bill rate is 3.8 percent, what is the company's cost of capital? (Ignore taxes)

Answer rating: 100% (QA)

The company s cost of capital is ... View the full answer