Jacque Ewing Drilling, Inc., has a beta of 1.2 and is trying to calculate its cost of equity capital. If the risk free rate of retums 4 percent and the expected return on the market is 12 percent, then what is the firm's after-tax cost of equity capital the firm's marginal tax rate is 35 percent? * 19.00% O 13.60% 11.60% 12.25%