The Capital Asset Pricing Model $($CAPM$)$ is a linear model. A company is trying to calculate its cost of equity with the CAPM. The company just increased its dividend by $7\mathrm{.}5$ percent and recently conducted a sensitivity analysis based on the cost of equity calculation through the dividend yield plus growth rate approach. The expected return on the overall stock market is $7\mathrm{.}15$ percent, the risk$-$free rate of interest is $0\mathrm{.}72$ percent, and the stock$$s beta is $1\mathrm{.}16.$ The company$$s cost of equity is

percent. Calculate to $2$ decimal places using the following formula:

$=$ rf $+($b$($rm $$ rf$))$