If the dividend to be paid on a share of common stock is $$3\mathrm{.}26$ per share at $t_1,$ and the pric $5\mathrm{.}8\%,$ and the underwriting fee is $5\%$ of the stock price. Calculate the cost of new equity.

If the answer is $10\mathrm{.}52\%,$ enter $10\mathrm{.}52$