Filer Manufacturing has $8,934,906$ shares of common stock outstanding. The current share price is $$53\mathrm{.}79,$ and the book value per share is $$3\mathrm{.}59.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$54,480,113,$ has a $0\mathrm{.}06$ coupon, matures in $19$ years and sells for $88$ percent of par. The second issue has a face value of $$71,445,734,$ has a $0\mathrm{.}08$ coupon, matures in $19$ years, and sells for $87$ percent of par.

The most recent dividend was $$0\mathrm{.}73$ 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 $0\mathrm{.}4.$

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