lThe Up and Coming Corporation's common stock has a beta of $0\mathrm{.}54.$ If the risk$-$free rate is $0\mathrm{.}02$ and the expected return on the market is $0\mathrm{.}07,$ what is the company's cost of equity capital? Enter the answer with $4$ decimals $($e$.$g$.0\mathrm{.}1234).$