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RDA Mines Inc. operates an unobtanium mine on the planet Alberta which is a satellite in the Alpha Centauri system near Pandora. The people of

RDA Mines Inc. operates an unobtanium mine on the planet Alberta which is a satellite in the Alpha Centauri system near Pandora. The people of Alberta have instituted a corporate tax at the rate of 32%. RDA's weighted average cost of capital is 13%. RDA has 40% debt in its capital structure(debt-to-equity is 0.67) and the before-tax cost of debt is 9%. What is the cost of equity for RDA given its WACC? ______%.(Round to two decimal places.)

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