De Leon Imports is currently 100% equity financed, but would like to have a debt to equity ratio of 1.1. If their cost of equity is currently 8.9%, what will it be after the move? Their cost of debt is 4.2% and their tax rate is 32%.

Please give your answer in the form of a decimal, to the nearest 0.001. For example, if the cost of equity is 8.67%, your answer should be 0.087.