a percent rounded to two digits, but don't include the \% sign (i.e. write 12.63, not 0.1263). Numeric Response

Winter's Toyland has a debt-equity ratio of 0.75. The cost of debt is 8 percent and the required return on assets is 19 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 12.63, not 0.1263). Numeric Response