You are opening a landscaping business, and wish to estimate your levered cost of equity. Beatrice's Yard Maintenance has an equity beta of 1.3, and a D/E ration of 1.4. If the riskless rate is 0.04, the expected return on the S&P500 is 0.11, and your firm will have a D/E ratio of 1, what would your firm's levered cost of equity be if the tax rate is 0.38? Please give your answer in the form of a decimal to 2 places - if your answer is 10.5%, please enter 0.105.