7. Tidewater Fishing has a current beta of 1.48. The market risk premium is 8.9 percent and the risk- free rate of return is 7.2 percent. By how much will the cost of equity increase if the company expands its operations such that the company's beta rises to 1.6?* (1 Point) 1.68 percent 1.07 percent 1.50 percent 2.10 percent None of the above