The cost of equity: Jacque Ewing Drilling Ltd has a beta of 1.3 and is trying to calculate its cost of equity capital. If the risk-free rate of return is 8 percent and the expected return on the market is 12 percent, then what is the company's after-tax cost of equity capital if the company's company tax rate is 40 percent?
A) 7.92%
B) 13.20%
C) 15.57%
D) 23.60%

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The Answer of The cost of equity: Jacque Ewing Drilling Ltd has a beta of 1.3 and is trying to calculate its cost of equity capital. If the risk-free rate of return is 8 percent and the expected return on the market is 12 percent, then what is the company's after-tax cost of equity capital if the company's company tax rate is 40 percent?
A) 7.92%
B) 13.20%
C) 15.57%
D) 23.60%

The Cost of Equity: Jacque Ewing Drilling Ltd Has a Beta