J] firm issues preferred dividends at an annual rate of $2.56. Its current preferred stock price is $25.83. Assume that the equity beta for ]] is 0.72. The Yield on 10-year treasuries is 3.89%, and that the market risk premium for the year is 6%. The company's EPS expected growth is 2%. For this year, the dividends for ]] firm are the same for common and preferred stock; additionally the price for common stock is $34. What is the common cost of equity for JJ Firm using the CDGM method? NOTE: Answer in percentages. That is, if your answer is 90% or 0.90, you should answer 90.00, not 0.90