Royal Mediterranean Cruise Line's common stock is selling for $$73\mathrm{.}54$ per share. The last dividend was $$1\mathrm{.}89,$ and dividends are expected to grow at a $7\%$ annual rate for the forseeable future. Flotation costs on new stock sales are $9\%$ of the selling price. What is the cost of Poyal' s new common stockn Submit your answer as a percentage and round to two decimal places $($Ex$.0\mathrm{.}00\%).$