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10. Outside Johnnie's has a beta of 1.3 and a cost of equity of 12.3 percent. The risk-free rate of return is 4.5 percent. Johnnie's
10. Outside Johnnie's has a beta of 1.3 and a cost of equity of 12.3 percent. The risk-free rate of return is 4.5 percent. Johnnie's is considering a project with a beta of 1.4 and a project life of six years. An appropriate discount rate for the project is: A 12.33 percent D. 12.90 percent. B 12.50 percent E 13.11 percent C 12 78 percent
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