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Cost of Equity 9-14. Free Willy, Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. CAPM Approach Treasury bills is 4.5

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Cost of Equity 9-14. Free Willy, Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. CAPM Approach Treasury bills is 4.5 percent and the expected rate of return on the stock market is 12 percent, what is Free Willy's cost of common equity financing

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