In the calculation of the weighted average cost of capital (WACC) Arryn Exploration has requested that you calculate the return on its ordinary shares. Arryn's ordinary shares currently trade on the ASX at $26.5 per share and the last dividend was of $1.0. Arryn Exploration has 31,000,000 ordinary shares on issue that have a beta of 1.71. Currently, the return on the market portfolio is 14.4% and the risk-free rate is 5.79%. What is the required return on one of Arryn Exploration's ordinary shares? Record your answer in decimals and to four decimal places 0.0000, e.g., your answer should be 0.034 not 3.40%