13) Below is some information about Fluor Corporation [FLR] taken from the Google Finance website. According to the CAPM, what is their cost of equity (required rate of return on equity)? Assume the market is expected to return 8% and risk free rate is 2%. a. 8.02% b. 10.23% C. 11.90% d. 13.34% e. 16.21% Fluor Corporation Range 61.89 - 62.71 52 week 58.41 - 83.93 Open 61.9 Vol/Avg. 1.51M/2.04M Mkt cap 9.75B P/E 15.21 Div/yield 0.21/1.35 EPS 4.1 Shares 156.22M Beta 1.65 Inst. own 87%