$17.$ Country Markets has an unlevered cost of capital of $12$ percent, a tax rate of $38$ percent, and expected earnings before interest and taxes of $$15,700.$ The company has $$12,000$ in bonds outstanding that are trading at a YTM $($yield$-$to$-$maturity$)$ of $6$ percent $($annual compounding$).$ What is the cost of equity?