(CHAPTER 14) You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $73 = Expected market portfolio return = 10.8% Dividend per share paid just recently = $4.68 Risk-free interest rate = 3.8% Expected annual growth of dividend per share = 7% Stock Beta = 1.38 Calculate the company's cost of equity using the Capital Asset Pricing Model approach. Your answer should be in percent, not in decimals: e.g., 10.23 rather than 0.1023. Do NOT use "%" in your answer. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher, and only round your final answer to TWO decimal places: for example, 10.23