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The Down and Coming Corporation's common stock has a beta of 1.45. If the risk-free rate is 0.04 and the expected return on the market

The Down and Coming Corporation's common stock has a beta of 1.45. If the risk-free rate is 0.04 and the expected return on the market is 0.08, what is the company's cost of equity capital? Enter the answer with 4 decimals (e.g. 0.1234).

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