The stock market data is given in the following table.

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 $(SD)$ of returns and the expected returns $(\frac{?}{\text{b}\text{a}\text{r}}(R)).$

The risk$-$free rate is $4\%.$

Required:

Suppose now 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.