pom Larry expects his firm's stock to pay its next annual dividend (D1) of $259 exactly one year from now. He also believes future annual dividends will grow at a constant rate of 4% per year indefinitely. If the stock price is $48.20 today, what is Larry's estimate of his firm's cost of equity Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 10,5% enter 1050. Type your answer Neyt