Anzac Corporation issued preference shares 8 years ago at a par value of $10.00 per share. If preference shares are paying $0.86 in dividends per year and the current market price is $13.01, what is the required return for Anzac's preference shares? (The allowed rounding error for this question is within 0.1%. Please type in decimals. For example 9.8% should be shown as 0.098)