Caccamise Company is expected to maintain a constant $4\mathrm{.}2$ percent growth rate in its dividends indefinitely. The company has a dividend yield of $6$ percent. What is the required return on the company's stock? $($Do not round intermediate calculations and enter your onswer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Required return