Paul Sharp is CFO of Fast Rocket Inc. He tries to determine the cost of equity financing for his company. The stock has a beta of 1.06. Paul estimated that the market return is 6.15%. The current rate for 10-year Treasury Bonds is 3.52%. Calculate cost of common equity financing using CAPM-SML formula. Round the answers to two decimal places in percentage form. Write the percentage sign in the "units" box Your Answer: Answer units