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Freightway Trucking Inc. uses the CAPM to help estimate their cost of equity. Given the following information, what is the firm's estimated cost of equity?

Freightway Trucking Inc. uses the CAPM to help estimate their cost of equity. Given the following information, what is the firm's estimated cost of equity? The risk-free return in the market is currently 3%, the market risk premium is 8%, the expected return on the market portfolio if 11% and the firm has a beta of 1.50

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