The Swanson Corporation$$s common stock has a beta of $1\mathrm{.}18.$ Assume the risk$-$free rate is $5\mathrm{.}3$ percent and the expected return on the market is $12\mathrm{.}8$ percent. What is the company$$s cost of equity capital?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$