$8-30.($Common stockholder expected return$)$ The common stock of Martin Co$.$ is selling for $$32\mathrm{.}84$ per share. The stock recently paid dividends of $$2\mathrm{.}94$ per share and has a projected constant growth rate of $9\mathrm{.}5$ percent. If you purchase the stock at the market price, what is your expected rate of return?