Winter's Toyland has a debt$-$equity ratio of $1\mathrm{.}80.$ The cost of

debt is $8$ percent and the required return on assets is $16$ percent.

What is the cost of equity if you ignore taxes?$$Write your

answer as a percent rounded to two digits, but don't$$include

the $\%$ sign $($i$.$e$.$ write $12\mathrm{.}63,$ not $0\mathrm{.}1263).$