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 return is 4 percent and the expected return on the market is 12 percent, then what is the firm's after- tax cost of equity capital if the firm's marginal tax rate is 35 percent? O 12.25% none of these O 19.00% O 11.60% O 13.60%