Pearson Motors has a target capital structure of 40% debt and 60% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 9%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 10,60%. What is Pearson's cost of common equity? Do not round Intermediate calculations. Round your answer to two decimal places. 14.00