Company A is currently an all-equity firm with an expected return of 16.73%. It is considering borrowing money to buy back some of its existing shares, thus increasing its leverage. Suppose the company borrows to the point that its debt-equity ratio is 1.76. With this amount of debt, the debt cost of capital is 7.65%. What will be the expected return of equity after this transaction? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "\$" sign