Filer Manufacturing has $4,926,209$ shares of common stock outstanding. The current share price is $$59\mathrm{.}33,$ and the book value per share is $$6\mathrm{.}93.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$45,211,850,$ has a $0\mathrm{.}07$ coupon, matures in $6$ years and sells for $89$ percent of par. The second issue has a face value of $$72,580,281,$ has a $0\mathrm{.}06$ coupon, matures in $21$ years, and sells for $84$ percent of par.

The most recent dividend was $$2\mathrm{.}5$ and the dividend growth rate is $0\mathrm{.}05.$ Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $0\mathrm{.}32.$

What is Filer's cost of equity? Enter the answer with $4$ decimals $($e$.$g$.0\mathrm{.}2345)$