Crown Co has an equity beta of 1.2. The risk-free rate of retum is 4.5% per year and the average return on the market is 12% per year. What is the cost of equity using the capital asset pricing model (to 1 decimal place)? Crown Co has an equity beta of 1.2. The risk-free rate of retum is 4.5% per year and the average return on the market is 12% per year. What is the cost of equity using the capital asset pricing model (to 1 decimal place)