Caspian Sea has a beta of $1\mathrm{.}17.$ The market risk premium is $6\mathrm{.}24$ percent, and T$-$bills are currently yielding $4\mathrm{.}3$ percent. The most recent dividend was $$2\mathrm{.}79$ per share, and dividends are expected to grow at an annual rate of $3\mathrm{.}51$ percent, indefinitely. The company's cost of equity is $\_\_\_\_\_\_.$ Answer to two decimals. e$.$g$.0\mathrm{.}1234.$