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Use the following information to answer the next 4 questions: Acne Payday Lenders has a beta of 1.14, a stock price of $32.68, and recently

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Use the following information to answer the next 4 questions: Acne Payday Lenders has a beta of 1.14, a stock price of $32.68, and recently paid an annual dividend of $0.44 per share. The market has a 14.6 percent rate of return and a risk-free rate of 4.0 percent. What is the firm's cost of equity? What is the cost of equity

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