You are calculating the required rate of retum for BBC 's equity. It has a beta of 1,20 . The Treasurt rate is 3.4% and the market offers a premium over risk-free rate of 5%. What is the required rate of return for the equity? Round to the neprset hundredth percent. Answer in the percent format. Do not include \% sign in your answer (i.e. If your answer is 4.33%, type 4.33 without a % sign at the end.)