$66666$TinTan Inc. has a new project available that requires an initial investment of $$8,000.$ The project will provide unlevered cash flows $($UCF$)$ of $$1,000$ a year forever. The company will finance the project with a debt$-$equity ratio of $0\mathrm{.}50.$ The company's bonds have a YTM of $10\%.$ The companies with operations comparable to this project have unlevered betas of $1\mathrm{.}04,1\mathrm{.}38,$ and $0\mathrm{.}90.$ The risk$-$free rate is $3\mathrm{.}0\%$ and the expected market return is $15\mathrm{.}0\%.$ The tax rate is $20\%.$

What is the cost of levered equity for the project?

Round to the nearest $0\mathrm{.}00\%.$ Do not enter the $\%$ symbol; For example, if your result is $0\mathrm{.}1432$ then enter $14\mathrm{.}32$