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Jacque Ewing Drilling, Inc., has a beta of 0.95 and is trying to calculate its cost...

Jacque Ewing Drilling, Inc., has a beta of 0.95 and is trying to calculate its cost of equity capital. If the risk-free rate of return is 6 percent and the expected return on the market is 13 percent, then what is the firm's after-tax cost of equity capital if the firm's marginal tax rate is 35 percent?

Group of answer choices

19.00%

16.40%

11.60%

12.65%

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