Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $39.41. The firm expects to pay a $3.30 dividend at the end of the year (2016). The dividends for the past 5 years are shown in the following table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Dividend per Share 2015 2014 2013 2012 2011 $3.01 $2.62 $2.48 $2.23 2.08 After underpricing and flotation costs, the firm expects to net $34.29 per share on a new issue a. Determine the growth rate of dividends from 2011 to 2015