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Walton Enterprises is planning to make an equity investment in PayPal Inc. They need to know the Required rate return on this investment. Use the

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Walton Enterprises is planning to make an equity investment in PayPal Inc. They need to know the Required rate return on this investment. Use the CAPM to find it. The expected return of the market is 8% and the return on a risk free asset equals 1.4%. PayPal's Beta equals 1.6 and projects operating income of $6,257,460. Enter your answer as a full percentage number with two decimals, for example, for 12.54% enter 12.54 only

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