Ethereum Corp. is expected to pay a dividend of $1 per share at the end of year 1(D1), and the dividends are expected to grow at a constant rate of 1% forever. If the current price of the stock is $46 per share, calculate the expected return or the cost of equity capital for the firm. Type your answer as a percentage and not as decimal (i.e. 5.2 and not 0.052). Do not type the % symbol. Round your answer to the nearest two decimals if needed