Filer Manufacturing has $7,322,461$ shares of common stock outstanding. The current share price is $$76\mathrm{.}49,$ and the book value per share is $$3\mathrm{.}15.$ Filer Manufacturing also has two bond issues outstanding. The first bond issue has a face value of $$63,466,548,$ has a $0\mathrm{.}06$ coupon, matures in $18$ years and sells for $94$ percent of par. The second issue has a face value of $$54,033,885,$ has a $0\mathrm{.}05$ coupon, matures in $24$ years, and sells for $100$ percent of par.

The most recent dividend was $$1\mathrm{.}58$ and the dividend growth rate is $0\mathrm{.}06.$ 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 $0\mathrm{.}34.$

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