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YNWA Limited has asked you to calculate the return on its ordinary shares to help in its calculation of its weighted average cost of capital

YNWA Limited has asked you to calculate the return on its ordinary shares to help in its calculation of its weighted average cost of capital (WACC). YNWA has 2,000,000 ordinary shares on issue that have a beta of 1.79. The last dividend was $6.66. If the risk-free rate is 1.73% and the return on the market is 5.63%. What is the required return on one of YNWAs ordinary shares? Record your answer to the nearest four decimal places (e.g., if your answer is 3.40%, then report 0.0340).

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