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 5%. Use a 7% risk premium for the market portfolio.

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

Company: | Beta: | Cost of Capital:

Caterpillar | 1.80 | ?

Apple | 1.44 | ?

Johnson&Johnson | 0.63 | ?

Consolidated Edison | 0.35 | ?