Wizard Co. currently has only a real estate division and uses only equity capital; however, it is considering creating consulting and distribution divisions. Its beh is currently 1.3. The risk-free rate is 3.1%, and the market-risk premium is 6.2%. 11.16% O 3.10% 7.13% 6.20% 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 2.0, because it will be riskier than the firm's real estate division. 18.00% "15.50% 16.45% o 16.85% 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 O 17.45% o 17.55% O 16.25% This means that the distribution division's cost of capital will be: 5.5896 Wizard Co. expects 70% of its total value to end up in the real estate division, 20% in the consulting division, and 10% in the distribution division. 9 12.77% 14.32% 16.22% 11.47% Based on this information, what rate of return should its investors require once it opens the new divisions