The Lenzie Corporation's common stock has a beta of $1\mathrm{.}60.$ If the risk$-$free rate is $5\mathrm{.}6\%$ and the expected return on the market is $10\%,$

what is the company's cost of equity capital? $($Do not round intermediate calculations. Enter your answer as a percentage rounded

to $2$ decimal places.$)$

Cost of equity capital

$\%$