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Minas Limited requires you to calculate the return on its ordinary shares to help in its calculation of its weighted average cost of capital (WACC).

Minas Limited requires you to calculate the return on its ordinary shares to help in its calculation of its weighted average cost of capital (WACC). Minas has 126,000,000 ordinary shares on issue and the shares have a beta of 0.48. Currently the return on the market portfolio is 13.37% and the risk-free rate is 3.0%. In addition Minas last dividend was $9.5, and dividends have been growing at 6.5% per year. What is the required return on one of Minas' ordinary shares? Record your answer in decimals and to four decimal places 0.0000, e.g., your answer should be 0.034 not 3.40%

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