Wingback Aerodynamics uses the Capital Asset Pricing Model to estimate its cost of equity. The firm's beta was estimated at 1.2. The Dow Jones Industrial average has returned 9.6% to investors over a fairly long period of time Treasury bills are currently providing investors with a 3.2% yield. What is the cost of equity under the CAPM? Select one: a 14.72% O b. 10/88 0.7.68% O d. 9.6% Next page