The following table shows betas for several companies. Calculate each stocks expected rate of return using the CAPM. Assume the risk-free rate of interest is 8%. Use a 10% risk premium for the market portfolio.

Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.

Caterpillar - Beta = 1.70

Apple - Beta = 1.34

Johnson & Johnson - Beta = 0.53

Consolidated Edison - Beta = 0.25\

Find each expected rate of return (cost of capital)