Lets suppose that we are trying to determine the cost of equity capital for Amazon.Lets suppose that we are trying to determine the cost of equity capital for Amazon. To estimate that amount, well use the 10-year Treasury bond rate of 3 percent as the risk-free rate(Rf), the market risk premium(ERmRf)is 5.5 percent, and beta is 2.09.Required:Answer the following question based on the details provided.QuestionAnswera. What would be the expected cost of equity capital?Note: Round your answer to 3 decimal places. %