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19. Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: IRE 5.5%; RPM= 6.0%; and b=0.8.

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19. Assume that you are a consultant to Thornton Inc., and you have been provided with the following data: IRE 5.5%; RPM= 6.0%; and b=0.8. What is the cost of equity from retained earnings based on the CAPM approach? a. 9.65% b. 9.91% c. 10.08% d. 10.30% e. 10.49%

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