Suppose Firm XYZ$$s managers would like to invest in a new production line and must determine a cost of capital for the investment. The beta for XYZ is $1\mathrm{.}185,$ the beta for the automobile industry $($where it is working$)$ is $0\mathrm{.}97,$ the equity premium on the world market is assumed to be $6\%,$ and the risk$-$free rate is $3\%.$ Propose a range of cost$-$of$-$capital estimates to consider in the analysis.