A company's stock has a bete of 12 and current ses for $75 per share the company just paid a dividend of 54 and future dividends are expected to grow at 2analy. Assume thonisk rate is 35 and the expected return on the market is 8.5% What is the company's cost of equity capital Do not found to calculation Round the finanswer to 2 decimo place to you some of 15 should be wild 1999