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Your firm is planning to invest in a new power generation system.Galt Industries is an all-equity firm that specializes in this business.Suppose Galt's equity beta is 0.75,the risk-free rate is 3%,and the market risk premium is 6%.If your firm's project is all-equity financed,then your estimate of your cost of capital is closest to:
Satisfaction
A measure of how goods and services supplied by a company meet or surpass customer expectation.
Pleasure
A state of feeling pleased or satisfied, often resulting from the fulfillment of a desire or need.
Synonymous
Having the same or nearly the same meaning as another word or phrase in the same language.
Maximize Utility
The economic principle aiming to achieve the highest satisfaction possible from consumption given limited resources.
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