Problem 14-2 Calculating Cost of Equity (L01) The Graber Corporation's common stock has a beta of 18. If the risk-free rate is 4.9 percent and the expected return on the market is 11 percent, what is the company's cost of equity capital? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) Cost of equity capital