Rossdale Company stock currently sells for $$69\mathrm{.}79$ per share and has a beta of $\mathrm{.}92.$ The market risk premium is $7\mathrm{.}50$ percent and the risk$-$free rate is $3\mathrm{.}15$ percent annually. The company just paid a dividend of $$3\mathrm{.}73$ per share, which it has pledged to increase at an annual rate of $3\mathrm{.}45$ percent indefinitely. What is your best estimate of the company's cost of equity?