Gustavo Corp.'s stock has a Beta of 1.0. The risk-free rate is 3.9%, and the Market Risk Premium is estimated at 6.8%. The firm's cost of common equity, Re, is _____%.

Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.

Margin of error for correct responses: +/- .03 (%).