Question 12 Not yet answered Points out of (NOTE: ENTER YOUR ANSWER IN PERCENT, BUT WITHOUT THE % SIGN, rounded to 2 decimal places, for instance as 7.89, not as 7.89%, or not as 0.0789. Do not round intermediate calculations!) Thunder Inc. needs to determine its equity cost. Thunder's stock beta is estimated to be equal to 1.1. Assuming the market premium equals 7.4%, and a risk-free rate of 3.1%, calculate Thunder's cost of equity. Flag