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Westgate Company has a beta of 1.6. Flotation costs for a new stock issue would amount to 3% of market price. The required rate of

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Westgate Company has a beta of 1.6. Flotation costs for a new stock issue would amount to 3% of market price. The required rate of return on the overall market is 12.6% and the rate of return on Treasury bonds is 7.2%. What is Westgate's cost of internal equity? O 16.92% O 15.84% O 18.84% 20.16% 8.64%

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