The following information about Tribes $($Pty$)$ Ltd is available:

Current market share price is R$60$

Market risk premium is $5\%$

Risk$-$free rate is $6\%$

Prevailing tax rate is $28\%$

Target D:E ratio is $25\%$: $75\%$

Beta is $1,3$

Determine the required rate of return of equity investors$/$holders of Tribes $($Pty$)$ Ltd by using the Capital Asset Pricing Model? Set your calculator at four decimals and round your final percentage to two decimal places.

$($a$)11,00\%$

$($b$)7,92\%$

$($c$)12,50\%$

$($d$)6,80\%$

Select one:

a$.$

$6,80\%$

b$.$

$12,50\%$

c$.$

$11,00\%$

d$.$

$7,92\%$