You know that the return of Smooth Operator Inc.$\text{'}$s common shares are $0\mathrm{.}6$ times as sensitive to macroeconomic information as the return of the market. If the risk$-$free rate of return is $1\mathrm{.}90$ percent and market risk premium is $6\mathrm{.}45$ percent, what is Smooth Operators cost of common equity capital?