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 38%. RDA's weighted average cost of capital is 12%. RDA has 25% debt in its capital structure (debt-to-equity is 0.33) and the before-tax cost of debt is 7%.

What is the cost of equity for RDA given its WACC is ????% ( Round two decimal places)