Alpha Moose Transporters has a current stock price of $$33\mathrm{.}35$ per share, and is expected to pay a per$-$share dividend of $$2\mathrm{.}45$ at the end of the year. The company$$s earnings$$ and dividends$$ growth rate are expected to grow at the constant rate of $5\mathrm{.}20\%$ into the foreseeable future. If Alpha Moose expects to incur flotation costs of $3\mathrm{.}750\%$ of the value of its newly$-$raised equity funds, then the flotation$-$adjusted $($net$)$ cost of its new common stock $($rounded to two decimal places$)$ should be