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Halestorm Corporation['s common stock has a beta of 1.29. Assume the risk-free rate is 5.4 percent and the expected return on the market is 12.9

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Halestorm Corporation['s common stock has a beta of 1.29. Assume the risk-free rate is 5.4 percent and the expected return on the market is 12.9 percent. What is the company's cost of equity capital? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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