Process costing is most likely to be used by which company: Select one: a. An aircraft company that manufacturers unique and custom planes b. A service company that ships out online orders c. A dairy company that bottles and ships out various types of dairy pr

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.