2. Once again, we can use the CAPM to estimate MMM’s cost of equity. Thomson ONE provides various estimates of beta; select the measure that you believe is best and combine this with your estimates of the risk-free rate and the market risk premium to obtain an estimate of its cost of equity. (See the Thomson ONE exercise in Chapter 6 for more details.) What is your estimate for the cost of equity? Why might it not make much sense to use the DCF approach to estimate MMM’s cost of equity?