Wildhorse Industries common stock has a beta of 1.8. If the market risk-free rate is 4.6 percent and the expected return on the market is 8.6 percent, what is Wildhorse’s cost of common stock? (Round...

Wildhorse Industries common stock has a beta of 1.8. If the market risk-free rate is 4.6 percent and the expected return on the market is 8.6 percent, what is Wildhorse’s cost of common stock?
(Round answer to 1 decimal places, e.g. 15.2%.)