The Swanson Corporation's common stock has a beta of $1\mathrm{.}2.$ If the risk$-$free rate is $5$ percent and the expected return on the market is $10$ 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$.,32\mathrm{.}16.$

Cost of equity capital

$\%$