Compute Ke (cost of equity) for an international project, given beta for the company of 1.04, the U.S. risk-free rate = 4.06% and U.S. expected market returns of 9.77%. The project is in a country which has a beta of 1.25 when regressed against the US economy. Enter your answer as a percent with 2 decimal places but without the % symbol. For example, if you compute 25.00%, enter 25.00.