Sudbury Caf is a small, privately owned restaurant chain, where the owner has all of her wealth invested in the business. The unlevered beta for publicly traded restaurant chains is 1.5500 and average R-squared of the market regressions for these companies is 55. 5500%. If Sudbury Caf has no debt, what is the cost of equity for Sudbury Caf's owner? (The risk-free rate is 3.25% and the equity risk premium is 6.00%)