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Next year, Visa is planning to pay a dividend of $5.96 per share. Historically, Visa's dividends have grown by 3% per year, Currently. visa is

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Next year, Visa is planning to pay a dividend of $5.96 per share. Historically, Visa's dividends have grown by 3% per year, Currently. visa is trading at $215.92 per share. Based on this information, what is Visa's cost of equity? (Note: Enter your answer as a whole number followed by 2 decimals. i. . 2.25, not 0.0225 or 2.25\%)

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