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The DJH Corporation just paid a dividend of $ 2.15 . It expects its cash dividends to grow 6.3 % per year forever. DJH has a debt ratio of L = 34 %. Its borrowing rate is rd = 7.4 %. DJH pays corporate taxes at the rate of 47 %, rf = 5.1 %, rM = 11.7 %, and DJH's common stock is currently selling for $ 28 per share. What is DJH's expected cost of stock? Short your answer to the nearest .1%. Show your answer as a whole number, thus 4.2% should be 4.2 rather than .042.