(Related to Checkpoint 14.2) (Cost of common equity) The common stock for Oxford, Inc is currently selling for S23 05, and the firm paid a dividend last year of $189. The dividends and earings per share are projected to have an annual growth rate of 4 8 percent into the foreseeable future. What is the cost of common equity for Oxford The cost of common equity for Oxford is % (Round to two decimal places.)