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Tacky Ltd specialises in non$-$slip surface coatings and due to health and safety regulation changes has seen a rapid growth in sales. It is currently expanding through reinvesting all profits in new projects. Tacky Ltd is has a beta of $1.$ If the MRP is $3\mathrm{.}8\%$ and risk free rate is $5\mathrm{.}5\%$ then what is the firms cost of retained earnings? $($Important: Please enter your answer to the nearest $10$ th of a percent in decimals. For example, $10\mathrm{.}1\%$ would be entered as $0\mathrm{.}101)$

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