COST OF COMMON EQUITY The future earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow 6.5% per year. Carpetto's common stock currently sells for $26.20 per share; its last dividend was $2.00; and it will pay a $2.44 dividend at the end of the current year. Using the DCF approach, what is its cost of common equity? Express as a percentage rounded to TWO decimal places, example: 0.05155 = 5.16%. Answer: