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Halestorm Corporations common stock has a beta of 1.12. Assume the risk-free rate is 4.7 percent and the expected return on the market is 12.2

Halestorm Corporations common stock has a beta of 1.12. Assume the risk-free rate is 4.7 percent and the expected return on the market is 12.2 percent.

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What is the companys cost of equity capital? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

Cost of equity %

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