Primer Incorporated just paid an annual dividend of $23.23 per share. The current share price is $790 per share. Primer has consistently grown its dividend at a rate of 8% per year and it is expected that this constant growth rate will continue forever. Based on these assumptions and the current market price, what is the implied annual cost of equity for Primer? Enter your answer in decimal form to 4 decimal places (i.e. if you want to answer 12.345%, enter 0.1235). Notice that if your answer is an exact midpoint you should round to the higher number. Question 12 10 pts