Question 3 5 pts Hank Corp.'s common stock currently sells for $23 per share. The most recent dividend (Do) was $2.30, and the expected growth rate in dividends per year is 3%. The cost of common equity, Re, is ____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.