A firm is expected to have earnings next year of $$5\mathrm{.}2$ per share and the firm is expected to pay a dividend of $$3\mathrm{.}32.$ Investors' required rate of return is $13\%.$ If the sustainable growth rate is $4\mathrm{.}5\%,$ what must be the rate of return earned by the firm on its new investments? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to $2$ DECIMAL PLACES.