The stock market data is given in the following table:

The stock market data is given in the following table. Correlation Coefficients Te Imex Telmex Mexico World Mexico 1.20 I.e World 0.90 1.05 1.00 24 20 15 (8) 14 12 The above table provides the correlations among Telmex, a telephone or communication company located in Mexico, the Mexico stock market index, and the world market index, together with the standard deviations (SO of returns and the expected returns ( ). The risk-free rate is 6%. Required: Suppose no" that Telmex has made its shares tradable internationally via cross-listing on NYSE. Again using the CAPM paradigm, estimate Telmex's equity cost of capital. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Equity cost