Ben's Border Café is considering a project which will produce sales of $16,000 and increase cash expenses by $10,000. If the pro
1 answer:
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Answer:
Cost of equity will be 12.96 %
Explanation:
We have given current price of the stock = $32.45
Expected dividend in one year
Growth rate
We have to find the cost of equity
Cost of equity is given by
Cost of equity = 12.96 %