Green Caterpillar has a current stock price of $$22\mathrm{.}35$ and is expected to pay a dividend of $$1\mathrm{.}36$ at the end of next year. The company$$s growth rate is expected to remain constant at $4\%.$ If the issue's flotation costs are expected to equal $2\%$ of the funds raised, the flotation$-$cost$-$adjusted cost of the firm's new common stock is