29. The common stock of Retro-Perspective Interiors has a beta of 1.65 and a standard deviation of 27.4 percent. There are approximately 11 million shares outstanding at this time. The market rate of return is 13.2 percent and the risk-free rate is 4.8 percent. What is the cost of equity for this firm? A. 18.66 percent B. 18.76 percent C. 21.08 percent D. 24.40 percent E. 26.05 percent 30. Southern Electric has 23,000 shares of common stock outstanding at a price per share of $57, and a required rate of return of 14.2 percent. The outstanding debt has a total face value of $350,000 and currently sells for 108 percent of face. The yield to maturity on the debt is 8.49 percent What is the firm's weighted average cost of capital if the tax rate is 34 percent? A. 11.85 percent B. 11.98 percent C. 12.28 percent D. 12.39 percent E. 12.92 percent 31. Barkley Brothers remodels homes and replaces windows. Ace Builders constructs new homes. If Barkley Brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project? A. Barkley Brothers' cost of capital B. Ace Builders' cost of capital C. Average of Barkley Brothers' and Ace Builders' cost of capital D. Lower of Barkley Brothers' or Ace Builders' cost of capital E. Higher of Barkley Brothers' or Ace Builders' cost of capital