$3333$MuyPoco $($MP$)$ Inc. is a large conglomerate thinking of entering the AI$/$social media business, where it plans to finance projects with a debt$-$value ratio of $0\mathrm{.}20.$ There is currently one firm in the AI$/$social media industry, EasyCell Corporation $($ECC$).$ ECC is financed with $40\%$ debt and the rest in equity. The beta of ECC$$s equity is $1\mathrm{.}30.$ ECC has a borrowing rate of $7\%.$ MP Inc. expects to borrow for its AI$/$social media venture$/$project at $11\%.$ The corporate tax rate for both firms is $20\%,$ the market risk premium is $13\%,$ and the risk$-$free interest rate is $4\%.$

What is ECC's cost of equity capital?

Round to the nearest $0\mathrm{.}00\%.$ Do not enter the $\%$ symbol; For example, if your result is $0\mathrm{.}1432$ then enter $14\mathrm{.}32$