You know that the return of Pharoah 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 3.05 percent and market risk premium is 5.71 percent, what is Pharoah 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 16.38 Ivanhoe Wok Co. is expected to pay a dividend of $1.30 one year from today on its common shares. That dividend is expected to increase by 5.00 percent every year thereafter. If the price of Ivanhoe common stock is $10.00, what is the cost of its common equity capital? Cost of common equity