Can you Please help me solve the attached question!

Problem 9-3 (similar to) Question Help (Cost of equity) Brille Corporation is issuing new common stock at a market price of $31. Dividends last year were $1.60 and are expected to grow at an annual rate of 9 percent forever. Flotation costs will be 8 percent of market price. What is Brille's cost of equity? Brille's cost of external common equity is | %. (Round to two decimal places.)