13. Jedi Entertainment, Inc. is financed 100% with equity and intends to remain this way. The company's common stock beta is 1.2, the expected market return is 11%, and the risk-free rate of return is 5%. If all of the company's equity is internal, what is the cost of capital for the company?

Group of answer choices

11.00%

12.20%

13.00%

13.60%