### Calculate the Cost of Equity Capital (CARM)

The two companies I need to do this question for are JC Penny (JCP) and Sears (SHLD). Calculate the Cost of Equity Capital according to the Capital Asset Pricing Model (CAPM) formula. For the CAPM, you can find the company's beta at finance.google.com. Use 10% as the expected return on the market portfolio. Go to http://