SandhillTire Co. just paid an annual dividend of $1.20on its common shares. IfSandhillis expected to increase its annual dividend by2.10percent per year into the foreseeable future and the current price ofSandhill's common shares is $14.59, what is the cost of common stock forSandhill?(Round intermediate calculations to 4 decimal places, e.g. 0.1555 and final answer to 2 decimal places, e.g. 15.25%.)