please answer correct to two decimal place

Attempts Keep the Highest / 1 3. Problem 9-06 (Cost of Equity: CAPM) ellook Problem Walk-Through Cost of Equity: CAPM Booher Book Stores has a beta of 1.3. The yield on a 3-month T-bill is 3% and the yield on a 10-year T-bond is 8%. The market risk premium is 5.5%, and the return on an average stock in the market last year was 15% What is the estimated cost of common equity using the CAPM? Round your answer to two decimal places, Grade It Now Save & Continue Continue without saving