Wizard Co. currently has only a real estate division and uses only equity capital; however, it is considering creating consulting and distribution divisions. Its beta is currently 1.3. The risk-free rate is 4.4%, and the market-risk premium is 6.2%. @ 8.80% 4.40% 10.12% 12.46% This means that the firm's real estate division will have a cost of capital of: The consulting division is expected to have a beta of 2.2, because it will be riskier than the firm's real estate division. OOOO 20.54% 19.39% 18.99% 18.04% This means that the firm's consulting division will have a cost of capital of: The distribution division will have less risk than the firm's real estate division, so its beta is expected to be 0.4. 0 20.09% 0 18.79% 06.88% 0 19.99% This means that the distribution division's cost of capital will be Wizard Co. expects 60% of its total value to end up in the real estate division 25% in the consulting division, and 15% in the distribution division. OOOO Based on this information, what rate of return should its investors require once it opens the new divisions 0 14.32% O 13.02% 0 15.87%