The Up and Coming Corporation's common stock has a beta of 1.1. If the risk-free rate is 6 percent and the expected return on the market is 14 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.)
a) 15.54%
b) 21.4%
c) 14.8%
d) 15.39%
e) 14.06%