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The Beta Corporations common stock has a beta of 1.21. If the risk-free rate is 3.5% and the expected return on the market is 11%,

The Beta Corporations common stock has a beta of 1.21. If the risk-free rate is 3.5% and the expected return on the market is 11%, what is Betas cost of equity capital?

Show your workings and round your final answers to 2 decimal places.

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