Health Sciences homework help. Homework #6F (Cost of equity financing)FinanceQuestion 3 (1 point) Paul Sharp is CFO of Fast Rocket Inc. He tries to determine the cost of equity financing for his company. The stock has a beta of 2.28. Paul estimated that the market return is 8.43%. The current rate for 10-year Treasury Bonds is 4.74%. Calculate cost of common equity financing using CAPM SML formula.Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box)Your Answer:Answer Submitted by Rahul5077 on Sat, 2017-02-18 10:20teacher rated 159 times 4.91195price: $1.00 Completed body preview (0 words)xxxxxxBuy this answer