\begin{tabular}{|l|l|} \hline Book Value of Debt & $53 million \\ \hline \hline YTM & 9% \\ \hline Coupon & 9% \\ \hline Coupon Payments & semi-annually \\ \hline \hline Years & 10 \\ \hline \hline Corporate Tax Rate & 26% \\ \hline \hline of Preferred Shares & 1 million \\ \hline \hline Price of Preferred Share & $29 \\ \hline Dividend per Preferred Shares & $1.36 \\ \hline \hline \# of Common Shares & 6 million \\ \hline Price of Common Share & $19 \\ \hline \hline of Common Stock & 1.2 \\ \hline Risk-Free Rate & 4% \\ \hline Market Return & 14% \\ \hline \hline \end{tabular} What is the rate of return of the equity? Enter your answer as a percentage. Do not include the percentage sign in your a Enter your response below