2. Once again we can use the CAPM to estimate MMM's cost of equity. From the Internet, you can find a number of different sources for estimates of beta-select the measure that you think is best, and combine this with your estimates of the risk-free rate and the market risk premium to obtain an estimate of its cost of equity. (See the Taking a Closer Look problem in Chapter 8 for more details.) What is your estimate for MMM's cost of equity? Why might it not make much sense to use the DCF approach to estimate MMM's cost of equity? Not BM Company (MMM) HYSE - NYSE Delayed Price. Currency in USD Add to watchlist 88 174.02 +0.53 (+0.31%) At close: December 11 4:04PM EST Summary Company Outlook a Chart Conversations Statist Previous Close 173.49 Market Cap 100.379B Open 172.30 Beta (5Y Monthly) 0.92 Bid 173.52 x 900 PE Ratio (TTM) 20.41 Ask 174.02 x 800 EPS (TTM) 8.53 Day's Range 172.17 - 174.65 Earnings Date Jan 26, 2021 52 Week Range 114.04 - 182.55 Forward Dividend & Yield 5.88 (3.38%) Volume 1,875,764 Ex-Dividend Date Nov 19, 2020 Avg. Volume 2,429,206 1y Target Est 175.31 Fair Value ch BU Overvalued XX.XX -21% Est. Return View details Related Research a HAnalyst Report: 3M Company Analyst Report: 3M Company 00 View more Vie All News Press Releases Research Reports 2. Once again we can use the CAPM to estimate MMM's cost of equity. From the Internet, you can find a number of different sources for estimates of beta-select the measure that you think is best, and combine this with your estimates of the risk-free rate and the market risk premium to obtain an estimate of its cost of equity. (See the Taking a Closer Look problem in Chapter 8 for more details.) What is your estimate for MMM's cost of equity? Why might it not make much sense to use the DCF approach to estimate MMM's cost of equity? Not BM Company (MMM) HYSE - NYSE Delayed Price. Currency in USD Add to watchlist 88 174.02 +0.53 (+0.31%) At close: December 11 4:04PM EST Summary Company Outlook a Chart Conversations Statist Previous Close 173.49 Market Cap 100.379B Open 172.30 Beta (5Y Monthly) 0.92 Bid 173.52 x 900 PE Ratio (TTM) 20.41 Ask 174.02 x 800 EPS (TTM) 8.53 Day's Range 172.17 - 174.65 Earnings Date Jan 26, 2021 52 Week Range 114.04 - 182.55 Forward Dividend & Yield 5.88 (3.38%) Volume 1,875,764 Ex-Dividend Date Nov 19, 2020 Avg. Volume 2,429,206 1y Target Est 175.31 Fair Value ch BU Overvalued XX.XX -21% Est. Return View details Related Research a HAnalyst Report: 3M Company Analyst Report: 3M Company 00 View more Vie All News Press Releases Research Reports