Rossdale Company stock currently sells for $$68\mathrm{.}91$ per share and has a beta of $\mathrm{.}88.$ The market risk premium is $7\mathrm{.}10$ percent and the risk$-$free rate is $2\mathrm{.}91$ percent annually. The company just paid a dividend of $$3\mathrm{.}57$ per share, which it has pledged to increase at an annual rate of $3\mathrm{.}25$ percent indefinitely. What is your best estimate of the company's cost of equity?