Filer Manufacturing has $6,613,131$ shares of common stock outstanding. The current share price is $$47\mathrm{.}01,$ and the book value per share is $$8\mathrm{.}15.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$63,567,295,$ has a $0\mathrm{.}06$ coupon, matures in $16$ years and sells for $87$ percent of par. The second issue has a face value of $$46,700,096,$ has a $0\mathrm{.}05$ coupon, matures in $22$ years, and sells for $96$ percent of par.

The most recent dividend was $$1\mathrm{.}16$ 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 $0\mathrm{.}22.$

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