You know that the return of Momentum Cyclicals common shares is 0.9 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 2.85 percent and market risk premium is 5.71 percent, what is Momentum 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. 15.259/6.) Cost of common equity capital ____________ %