Jacque Ewing Drilling, Inc. has a beta of 1.2 and is trying to calculate its cost of equity capitat. If the risk-free rate of return 4 percent and the expected return on the market is 12 percent, then what is the femi's after-tax cont of equity capital t me tom's marginal tax rate is 35 percent? 1 pts 19.00% 13.60% 11.60% 12.25%