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Problem 14-2 Calculating Cost of Equity [LO1] The Zombie Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.6 percent and

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Problem 14-2 Calculating Cost of Equity [LO1] The Zombie Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.6 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? (Round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity capital %

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