Dees Toys has a target debt-total assets ratio of 24 %. Its WACC is 9.6 percent and the tax rate is 26 percent. What is the cost of equity if the after tax cost of debt is 3.5 percent? Show your answer to the nearest .1%. Do now use the % sign in your answer. Thus an answer of 10.1% would be shown at 10.1 rather than 10.1% or .101?