Cost of common stock equity$-$CAPM Netflix common stock has a beta, $b,$ of $1\mathrm{.}2.$ The risk$-$free rate is $4\%,$ and the

expected market return is $11\%.$

a$.$ Determine the risk premium on Netflix common stock. $($round to one decimal place$)$

b$.$ Determine the required return that Netflix common stock should provide.

c$.$ Determine Netflix's cost of common stock equity using the CAPM.