Implied $k_E$ in H$-$model

An analyst gathers the following information regarding Finesse Capital.

$,$ Current price $=$$$74$

Current dividend $=$$$1\mathrm{.}20$

$,$ Short$-$term supernormal growth rate $=13\%$

Long$-$term sustainable growth rate $=3\mathrm{.}25\%$

The supernormal growth in dividends is expected to linearly decline over a period of $8$ years.

The required rate of return on the stock is closet to:

$\%$

Round your answer to two decimals