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25 NHO CB MC122 Calculate the required rate of return for Climax Inc., assuming that (1) investors expect a 4.0% rate of inflation in the

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25 NHO CB MC122 Calculate the required rate of return for Climax Inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 6.0%, (4) the firm has a beta of 2.30, and (5) Its realized rate of return has averaged 15.0% over the last 5 years. Do not round your intermediate calculations. O 16.28% O 18.8790 o 17.7696 ery O 18.50 20.00

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