You know that the return of Blossom Cyclicals common shares is 1.8 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 3.90 percent and market risk premium is 5.71 percent, what is Blossom Cyclicals cost of common equity capital? (Round intermediate calculation to 5 decimal places, e.g. 1.25140 and final answer to 2 decimal places, e.g. 15.25%.)

Cost of common equity capital