The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.5 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? Round to the nearest XX.XX%.

The Up and Coming Corporation's common stock has a beta of 1.5 . If the risk-free rate is 4.5 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? Round to the nearest XX.XX\%. The Up and Coming Corporation's common stock has a beta of 1.5. If the risk-free rate is 4.5 percent and the expected return on the market is 12 percent, what is the company's cost of equity capital? Round to the nearest XX.XX\%