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Air Taxi, Inc has common stock with a Beta of 3.21. If the risk free rate is 2.50% percent and the expected return on the

Air Taxi, Inc has common stock with a Beta of 3.21. If the risk free rate is 2.50% percent and the expected return on the market is 12.00% percent, what is Air Taxi's cost of equity capital?

Beta	3.21
Risk-Free rate	2.50%
Market return	12.00%

33.00%

-28.00%

49.05%

-44.05%

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