Assume you use the Weighted Average Cost of Capital to calculate your funding rate. What is the'cost of equity input into WACC? Equity in the form of Common Stock, priced at : $44.70 a share. Per share dividend that was just paid: $2.90. Expected future growth rate in dividend : 8% What is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.)