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Free Willy, Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5 percent and the expected rate of

Free Willy, Inc., (Nasdaq: FWIC) has a beta of 1.4. If the rate on U.S. Treasury bills is 4.5 percent and the expected rate of return on the stock market is 12 percent, what is Free Willys cost of common equity financing?

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