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39 The following data pertains to Xena Corp Xena Corp Total Assets Interest-Bearing Debt (market value) Average borrowing rate for debt Common Equity Book Value

39 The following data pertains to Xena Corp Xena Corp Total Assets Interest-Bearing Debt (market value) Average borrowing rate for debt Common Equity Book Value Market Value Marginal Income Tax Rate Market Beta $21,249 $11,070 10.2% $5.535 $23,247 19% 164 5 points Seve Armower Using the information from the table, and assuming that the risk-free rate is 4.5% and the market risk premium is 6.2%, calculate Xena's cost of equity capital using the capital asset pricing model 10.2% 13.6% 152% 14.7% 12:52 PM

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