Filer Manufacturing has $7,312,816$ shares of common stock outstanding. The current share price is $$71\mathrm{.}03,$ and the book value per share is $$7\mathrm{.}95.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$54,865,051,$ has a $0\mathrm{.}08$ coupon, matures in $21$ years and sells for $87$ percent of par. The second issue has a face value of $$69,463,583,$ has a $0\mathrm{.}09$ coupon, matures in $30$ years, and sells for $88$ percent of par.

The most recent dividend was $$2\mathrm{.}14$ and the dividend growth rate is $0\mathrm{.}06.$ 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 $0\mathrm{.}35.$

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