Question $18$

$8$ pts

Your company's common stock has a beta of $1.$ If the risk$-$free rate is $2\mathrm{.}39$ percent and the expected return on the market is $10\mathrm{.}71$ percent, what is the company's cost of equity capital?

$($Do not round any intermediate calculations. List your answer as a percent, round your final answer to $2$ decimal places and enter it in the box below.$)$

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