Iris knows her firm's stock has a beta of 1.60, and she'd like to use the CAPM to estimate the cost of equity. If the expected market risk premium is 7.5% and the current T-bill rate is 4.1%, what should she use as the estimate for the cost of equity? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 15.55%, enter .1555