Sandhill Industries, common stock has a beta of $1\mathrm{.}7.$ If the current risk$-$free rate is $3\mathrm{.}8$ percent and the market risk premium is $5$

percent, what is Sandhill's cost of common stock? $($Do not round intermediate calculations. Round answer to $1$ decimal place,

e$.$g$.15\mathrm{.}2\%.)$