Analysts want to estimate the cost of equity for TAR Corporation to use later in a long-term firm valuation analysis. They believe that a beta based on analyses of recent past returns is appropriate to assess TAR'S risk level in the future. They found from recent stock return analyses that beta equals to 0.78. The historical market risk premium is 7.50%. How much is the cost of equity for TAR Corp? a. 6.41% b. 7,30% c. 7.50% d. 8.40% e. None of the other answers are correct. Analysts want to estimate the cost of equity for TAR Corporation to use later in a long-term firm valuation analysis. They believe that a beta based on analyses of recent past returns is appropriate to assess TAR'S risk level in the future. They found from recent stock return analyses that beta equals to 0.78. The historical market risk premium is 7.50%. How much is the cost of equity for TAR Corp? a. 6.41% b. 7,30% c. 7.50% d. 8.40% e. None of the other answers are correct