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Air Taxi, Inc has common stock with a Beta of 1.11. If the risk free rate is 3.00% percent and the expected return on the

Air Taxi, Inc has common stock with a Beta of 1.11. If the risk free rate is 3.00% percent and the expected return on the market is 9.00% percent, what is Air Taxi's cost of equity capital?

Beta 1.11
Risk-Free rate 3.00%
Market return 9.00%

- 16.32%
- 9.66%
- -3.66%
- -10.32%

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