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(Appendix 4C) Calculating the Cost of Equity The following information is available for The Philippi Winery Company, Inc. 2013 2012 2011 Beta 0.80 0.75 0.70

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(Appendix 4C) Calculating the Cost of Equity The following information is available for The Philippi Winery Company, Inc. 2013 2012 2011 Beta 0.80 0.75 0.70 Risk-free rate of return 4.75 4.50 4.25 Equity risk premium 7.50 7.30 7.00 Calculate the company's cost of equity capital for 2013, 2012, and 2011 using the Capital Asset Pricing Model discussed in Appendix 4C. Round all answers to two decimal places. 2013 0 % 2012 0 % 2011 0 % Check

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