You have risen through the ranks of a coffee company, from the lowly green$-$apron barista to the coveted black apron, and all the way to CFO. A

quick internet check shows that your company's beta is $0\mathrm{.}67.$ The risk$-$free rate is $3\mathrm{.}07\%$ and you believe the market risk premium to be $4\mathrm{.}92\%.$

What is your best estimate of investors' expected return on your company's stock $($its cost of equity capital$)?$

The expected return is

$\%.($Round to two decimal places.$)$