Return to question The Swanson Corporation's common stock has a beta of 1.11. Assume the risk-free rate is 4.6 percent and the expected return on the market is 12.1 percent. What is the company's cost of equity capital? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct.