Greetings,
13 million means your data is in a geographic coordinate system. You should project the DEM (making sure to NOT use Nearest Neighbor Resampling) to a projected coordinate system that ideally uses the same linear unit as your Z unit so your Z factor can simply be one. I assume the data (Z's) is in meters, so UTM is a very reasonable choice here. You basically want X,Y,Z to all be the same unit, unless you like setting a z factor or have bias/requirements towards certain projections.
Rajendran,
To get slope in % choose Percent_Rise on the parameter Output Measurement.
Best,
Eric