You are given the following information for Home-A-Loans Inc. to use for the next 8 questions. Use the information available to make your best estimates to answer each of the questions (1/8). - vedt: ine company s most recent debt issue are semiannual 6.2 percent coupon bonds, with $1,000 par value and 21 years to maturity, currently selling for $1,100. - Common stock: Shares currently trade at $70 per share, and the company has a beta of 1.20. - Preferred stock: This class of stock has an annual dividend of $4.50 per share and currently sells for $52 per share. - Tax rate: The company has an effective tax rate of 25 percent. - Market conditions: The expected market risk premium is 11.2 percent and the 10-year T-bill has a 1.5 percent yield. (Enter answer as percentage to at least three decimals, i.e., "10.254" for 10.254% or 0.10254 ) What is the company's cost of common equity using the best method available