(Cost of common equity) The common stock for the Bestsold Corporation sells for $58.92 a share. Last year the firm paid a Bestsold's tax rate is 34 percent, what is the firm's cost of common equity? The firm's cost of common equity capital is % (Round to two decimal places.) Last year the firm paid a $4.07 dividend, which is expected to continue to grow 3.4 percent per year into the indefinite future