Estimate the Cost of equity of Auckland International Airport, using the CAPM return. Assume the market risk premium, Rm-Rf=6%, and use the current 10-year Government bond yield for the risk-free rate.

SUMMARY OUTPUT Regression Statistics Multiple R 0.58971851 R Square 0.34776792 Adjusted R S 0.34350496 Standard Err 0.03695287 Observations 155 ANOVA df SS MS F Significance F Regression 1 0.11139744 0.11139744 81.5790778 6.8375E-16 Residual 153 0.20892376 0.00136551 Total 154 0.3203212 Coefficients itandard Errol t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept -0.0006149 0.00296825 -0.2071581 0.83616187 -0.0064789 0.00524914 -0.0064789 0.00524914 0.00862455 1.03378493 0.11445659 9.0321137 6.8375E-16 0.8076656 1.25990426 0.8076656 1.25990426