Your company has always assumed a cost of common equity capital of about 10.0%. An intern you supervise at the firm recently gathered the information below, and you now want to run a check on that long-standing assumption. What is your good estimate of Re? 5-year average return on the S&P 500: 10.8 YTM on the company's only bond issue: 4.20% the yield right now on a 5-year US Treasury note: 2.37% total liabilities: $85 million total shareholders' equity: $121 million company's stock beta: 0.77 Enter your response as a regular percentage rate, rounded to the nearest first decimal. Do not enter dollar signs, percent signs, or commas.