Problem 12-17 CAPM and Expected Return (LO2) The following table shows betas for several companies. Calculate each stock's expected rate of return using the CAPM. Assume the risk-free rate of interest is 6%. Use a 8% risk premium for the market portfolio. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Company Caterpillar Apple Johnson & Johnson Consolidated Edison Beta 1.66 1.30 0.49 0.21 Cost of Capital % % % %