Fox Company hired you to help estimate its cost of capital. You obtained the following data: D$1=$ $$1\mathrm{.}25$; P$0=$ $$22\mathrm{.}50$; g $=5\mathrm{.}00\%($constant$)$; and F $=6\mathrm{.}00\%.$ What is the cost of equity raised by selling new common stock?