Question $18$

Your company's common stock has a beta of $0\mathrm{.}8.$ If the risk$-$free rate is $5\mathrm{.}86$ percent and the expected return on the market is $13\mathrm{.}67$ 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.$)$