Stock in Eduardo industries has a beta of 91 . The market risk premium is 71 percent, and T-bilis are currently yielding 41 percent. The most recent dividend was $2.00 per share, and dividends are expected to grow at an annual rate of 5,1 percent, indefinitely. If the stock sells for $42 per share, what is your best estimate of the company's cost of equity? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16