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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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