Assuming that ROCE (return on common equity), g (the growth rate of the book value of common shareholders equity) and rE (the cost of equity capital) are constant, that markets are efficient, and:

the companys dividend payout ratio d is 20%,

g is 8%, the companys stock has an equity beta of 1.2,

the risk free rate is 1% and the market risk premium is 6%,

what is the ROCE priced into the market?