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 1.2. The risk-free rate is 4.2%, and the market-risk premium is 6.4% 8.40% 9.24% 0 4.20% O 11.88% 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 2.1, because it will be riskier than the firm's real estate division O 18.59% 18.99% 20.14% 17.64% 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 0.8. 9.32% 18.39% 19.59% O 19.6990 This means that the distribution division's cost of capital will be Wizard Co. expects 55% of its total value to end up in the real estate division, 20% in the consulting division, and 25% in the distribution division. 13.69% O 15.24% 12.39% 17.14% Based on this information, what rate of return should its investors require once it opens the new divisions