Question: Please break down the solution/formulas used Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: rRF

Please break down the solution/formulas used
Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: rRF = 3.9%; RPM = 5.2%; and b = 1.5. What is the cost of equity from retained earnings based on the CAPM approach
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