Joylin, Incorporated, has equity with a market value of $$15\mathrm{.}4$ million and debt with a market value of $$5\mathrm{.}9$ million. Treasury bills that mature in one year yield $4$ percent per year and the expected return on the market portfolio is $11$ percent. The beta of the companys equity is $1\mathrm{.}15.$ The firm pays no taxes.