The market rate of return is 12.65 percent and the risk-free rate is 3.1 percent. Galaxy Co. has 15 percent more systematic risk than the overall market and has a dividend growth rate of 3.75 percent. The firm's stock is currently selling for $53 a share and has a dividend yield of 4.53 percent. What is the firm's average cost of equity? 1 Multiple Choice 0 11.18 percent 0 12.36 percent 0 10.87 percent 0 1733 percent 0 12.16 percent