Filer Manufacturing has $6,255,710$ shares of common stock outstanding. The current share price is $$61\mathrm{.}17,$ and the book value per share is $$6\mathrm{.}77.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$50,180,400,$ has a $0\mathrm{.}05$ coupon, matures in $29$ years and sells for $83$ percent of par. The second issue has a face value of $$41,176,434,$ has a $0\mathrm{.}05$ coupon, matures in $26$ years, and sells for $91$ percent of par.

The most recent dividend was $$0\mathrm{.}66$ and the dividend growth rate is $0\mathrm{.}04.$ 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 $0\mathrm{.}23.$

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