Your firm's stock price is currently $$44$ per share. It has a beta of

$2\mathrm{.}2.$ If the risk$-$free rate is $5\%$ and the expected return on the

market is $12\%,$ what is your firm's cost of equity?

Enter the answer as a whole number with $2$ decimal places and

without signs. For example, if the answer is $$20\mathrm{.}16,$ enter $20\mathrm{.}16.$

If the answer is $1075$ or $10\mathrm{.}75\%,$ enter $10\mathrm{.}75.$