Papa Johns has about $32,000,000 worth of equity. Use the Capital Asset Pricing Model (CAPM) to find the after tax cost (ke) of the common stock. The current risk free return rate (Treasury Bills, R) is 2.2%, the current market return rate (Em) is 10% and Papa Johns () is 0.9. The composite income tax rate is 35%. Explain what it means to have a Beta between 0 and 1, like Papa Johns does