As a young corporate financial analyst for Marshall Corporation you observe that Moody's has assigned Marshall an equity rating of AAA. In addition, Marshall's common equity is trading at $$95,$ is expected to pay a $$5\mathrm{.}44$ dividend, and is expected to grow at $2\mathrm{.}8\%$ a year. Marshall has a $15\%$ profit margin and is expected to be in the $29\%$ tax bracket? What is Marshall's cost of common equity? $($round at $2$ decimal places$)$