The stock market data given by the following table.

The above table provides the correlations among Telmex, a telephone/communication company located in Mexico, the Mexico stock market index, and the world market index, together with the standard deviations (SD) of returns and the expected returns ( R---). The risk-free rate is 6%.

Suppose now that Telmex has made its shares tradable internationally via cross-listing on the NYSE. Again, using the CAPM paradigm, estimate Telmexs equity cost of capital. (Do not round intermediate calculations. Round your answer as a percent rounded to 2 decimal places.)

Equity cost \begin{tabular}{|l|l|} \hline & % \\ \hline \end{tabular}