Ivanhoe, Inc., is expected to grow at a constant rate of $8\mathrm{.}25$ percent. If the company$$s next dividend, which will be paid in a year, is $$1\mathrm{.}50$ and its current stock price is $$22\mathrm{.}35,$ what is the required rate of return on this stock? $($Round intermediate calculations to $4$ decimal places, e$.$g$.1\mathrm{.}5325$ and final answer to $2$ decimal places, e$.$g$.17\mathrm{.}54\%.)$

Return of Rate $=\%$