Pedestal, Inc. currently has a capital structure with D/A = 0.49 and its current cost of debt is 8%. If Pedestal modifies its capital structure so that D/A changes to 0.32, its cost of debt will change to 6% and its new cost of equity will be 14%. What is Pedestal's current cost of equity? Assume perfect capital markets and, therefore, no taxes. Write the answer as a percentage with two decimals. Thus, if you believe the answer is 23.2455% then write 23.25 as your answer. Do not write the % symbol. (Acceptable error = 0.2%)