The following financial information is available on Simmons Inc.: 
Determine the cost of retained earnings using the capital asset pricing model approach. (Compute answer to the nearest 0.1%) .
Definitions:
Developing Countries
Nations with a lower level of industrialization, lower living standards, and lower Human Development Index (HDI) compared to developed countries.
OPEC
The Organization of the Petroleum Exporting Countries, an intergovernmental organization coordinating the petroleum policies of its member countries.
Global Supplies
The total availability of goods, commodities, or resources considered at a global scale, affecting markets, economies, and international trade.
Net Energy Ratio
indicates the balance between the amount of energy produced by a system and the energy required to create and maintain it.
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