David Ortiz Motors has a target capital structure of $40\%$ debt and $60\%$ equity. The yield to maturity on the company's outstanding bonds is $8\%,$ and the company's tax rate is $25\%.$ Ortiz's CFO has calculated the company's WACC as $9\mathrm{.}6\%.$ What is the company's cost of equity capital? Round your answer to the nearest whole number.