You have the following assets available to you:

Asset	Expected Return
Riskless Debt	1.3%
Market Portfolio	9.7%
Well-diversified portfolio of firms exposed to oil prices	17.1%
Well-diversified portfolio of firms with no exposure to oil prices	15.2%
Well-diversified portfolio of firms exposed to gold prices	16.8%
Well-diversified portfolio of firms with no exposure to gold prices	14.0%

You are attempting to find the cost of equity for a firm using a factor model with the following factors and betas. The factors are calculated using the portfolios described above. What would you estimate this firm's cost of equity to be? Please enter your answer as a decimal to at least 4 places - if your answer is 10.5%, please enter 0.1050.

Factor	Beta
Market factor	0.9
Gold factor	0.9
Oil factor	1.6