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Sheridan's Copper Corp. management expects its common stock dividends to grow 1.29 percent per year for the indefinite future. The firm's shares are currently selling

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Sheridan's Copper Corp. management expects its common stock dividends to grow 1.29 percent per year for the indefinite future. The firm's shares are currently selling for $15.75, and the firm just paid a dividend of $3.00 yesterday. What is the cost of common stock for Sheridan? (Round answer to 2 decimal places, e.g. 15.25\%.) Cost of common stock %

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