can i please get the answer for this problem thank you!

Problem You have been studying ways to evaluate the cost of capital in Finance class. You know that beta is an important way to solve that problem. You researched a company to invest in and noticed it has a beta of 1.24. The T-Bill rate is 4.9%. You did more research and found out the market return currently is 12.4%. What is the company's cost of equity capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity %