You are currently considering an investment in a project in the energy sector. The investment has the same riskiness as Exxon Mobil stock (ticker: XOM). Using the data in Table 13.1 and the table above, calculate the cost of capital using the FFC factor specification if the current risk-free rate is 3% per year Factor---------XOM MKT----------.78 HML------------.62 SMB-----------.21 PR1YR-----------.32 Factor Portfolio------------------------average monthly return (%) MKT - rf------------------------------------------.65 SMB--------------------------------------------.23 HML----------------------------------------------------.39 PR1YR-----------------------------------------------.68