Tesla will also issue common stock shares, that pay no dividend, to help finance the company's new investments. The common shares are estimated to have a beta of 1.22. The investment bank estimates that the Market Risk Premium is 8.82% and that the risk-free rate is 1.39%. Investors that buy these shares should expect to earn % for bearing the risk of Tesla. Enter your answer in percent, rounded to two decimal places, example: 20.23