JJ firm issues preferred dividends at an annual rate of $4.72. Its current preferred stock price is $26.38. Assume that the equity beta for JJ is 1.39. The Yield on 10-year treasuries is 2.5%, and that the market risk premium for the year is 8%. The company's EPS expected growth is 2%. For this year, the dividends for JJ firm are the same for common and preferred stock; additionally the price for common stock is $33. What is the common cost of equity for JJ Firm using the CAPM method?