The common stock of Blue Hen Industries (BHI) has a beta of 1.39 and is expected to pay a dividend next year of $2.10 per share. The expected return on the market portfolio is 10.5 percent. The risk-free rate of return is 2.8 percent. BHI's tax rate is 32%. What is BHI's cost of common equity for use in its WACC calculation? Enter your answer in units of percent (not a decimal), round it to one decimal place, and omit any percent signs (i.e., enter 20.91% as 20.9)