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Nickle's, Inc. has a beta of 1.4 and is trying to calculate its cost of equity capital using CAPM. If the risk-free rate is

Nickle's, Inc. has a beta of 1.4 and is trying to calculate its cost of equity capital using CAPM. If the risk-free rate is 9% and the market risk premium is 5%, what is the firm's cost of equity capital? 15.14% 16% O 11.2% 10.6%

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