Axle Corporation earned $3\mathrm{.}00$ per share and paid a dividend of $2\mathrm{.}40$ on its common stock last year. Its common stock is trading at $40$ per share. Axle is expected to have a return on equity of $15\%,$ an effective tax rate of $34\%,$ and to maintain its historic payout ratio going forward. In estimating Axle$$s after$-$tax cost of capital, an analyst$$s estimate of Axle$$s cost of common equity would be closest to: Multiple Choice $9\mathrm{.}2\%.8\mathrm{.}8\%.9\mathrm{.}0\%.$