P14-2 Calculating Cost of Equity [LO1] The Up and Coming Corporation's common stock has a beta of 0.8. If the risk-free rate is 3 percent and the expected return on the market is 14 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.) 14.2% O 11.21% 12.39% 11.8% 12.27%