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Company XYZ just paid a dividend on its common stock of $1.22. The company expects the dividends to grow at a rate of 3.6% each

Company XYZ just paid a dividend on its common stock of $1.22. The company expects the dividends to grow at a rate of 3.6% each year indefinitely. If the current share price of XYZ's common stock is $30.92, what is the cost of capital raised through internal equity?

Enter your answer as a decimal with a leading zero and 4 decimal places of precision (i.e.0.1234)

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