The Swanson Corporation's common stock has a beta of 1.19. Assume the risk- free rate is 5.4 percent and the expected return on the market is 12.9 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., 32.16. Cost of equity %

The Swanson Corporation's common stock has a beta of 1.19. Assume the riskfree rate is 5.4 percent and the expected return on the market is 12.9 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., 32.16