If the stock currently sells for $49.90 per share, what is the required return?

The next dividend payment by Dizzle. Inc.. will be $3.15 per share. The dividends are anticipated to maintain a growth rate of 3.50 percent, forever. If the stock currently sells for $49.90 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Required return %