Filer Manufacturing has $5,274,424$ shares of common stock outstanding. The current share price is $$52\mathrm{.}48,$ and the book value per share is $$9\mathrm{.}02.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$66,179,803,$ has a $0\mathrm{.}07$ coupon, matures in $12$ years and sells for $90$ percent of par. The second issue has a face value of $$74,823,477,$ has a $0\mathrm{.}08$ coupon, matures in $13$ years, and sells for $92$ percent of par.

The most recent dividend was $$0\mathrm{.}73$ and the dividend growth rate is $0\mathrm{.}07.$ Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is $0\mathrm{.}35.$

What is Filer's cost of equity? Enter the answer with $4$ decimals $($e$.$g$.0\mathrm{.}2345)$