Jesse Corp.$\text{'}$s stock has a Beta of $1\mathrm{.}16.$ The risk$-$free rate is $4\%,$ and the expected market return is $10\%.$ The firm's cost of common equity, $R_E,$ is $q,\%.$

Margin of error for correct responses: $+/-\mathrm{.}03(\%)$

Rounding and Formatting instructions:

Do not enter dollar signs, percent signs, commas, $x,$ or any words in your response. Do not round any intermediate work, but round your $*$ final$*$ response to $2$ decimal places $($example: if your answer is $12\mathrm{.}3456,12\mathrm{.}3456\%,$ or $$12\mathrm{.}3456,$ you should enter $12\mathrm{.}35).$